Owen Raszkiewicz

Yeah.

But we know that they raised their fees.

Yeah, or even 20 bucks a year.

Well, I think it's all down to whether or not it's still... I don't think super funds can do this anymore, but there used to be a thing called exit fees.

But if we just think about the cost of finding a new super fund in terms of...

This is why giving advice, and we don't give advice on super, but if someone gave advice on super, the one thing that's really risky for them to tell you to do is to change super funds because you might have to pay fees when you change, but the big thing is insurance.

You might have to get a new set of insurance policies which might not have the same levels of cover or might have exclusions, those types of things.

Yeah.

it's always one of those areas where i'm like do your homework before you go and switch yeah but um again there's nothing to say that you can't let's say you've got 50 or 100 000 in one super fund we know we don't want to have multiple super funds but you could so you could start directing it somewhere else if you're concerned about that one continually raising its fees or yeah well you could just switch you could but just know the risks of switching and know the costs what would you do

Yeah.

And then I think there's super ratings.

One thing is with super funds is that, not especially, but including industry super funds, which is the type of super fund that is run, as they say, quote, only to profit members, end quote, is that there is a lot of stuff that goes on underneath the surface that people like us in the industry know about.

could be happening that doesn't necessarily reflect what you expect is happening from the outside.

So, you know, we could go down, I guess, a rabbit warren on this one and pop out anywhere.

But the thing to be mindful of is that make sure when you're comparing super funds, even from these so-called comparison websites,

make sure you're comparing what you'll actually be getting.

So the strategy as well, like you said, growth.

So some super comparisons are only done based on the my super strategy or like the balance strategy, but maybe you're not a balanced investor.

So one super fund might look cheaper, but then you're like, I want a growth strategy, but it's like four times the price.

You should be comparing that growth strategy plus all the other fees and insurance with another one of like identical or similar nature.