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Compare the Pair

Not all super funds are the same

Over the last 10 years the average Industry SuperFund has delivered around $15,000 more to their members than the average retail fund.* See the difference yourself.

But that’s not where the differences end.

Industry SuperFunds have never paid commissions or incentives to staff or any financial planners or advisers. Despite recent rule changes banning commissions, some types of commissions are still allowed; meaning some financial planners may continue to receive ongoing commissions from clients, even under the changes. If a financial planner has ever recommended a retail or bank owned super fund to you, you should ask them if they are still earning commissions from you and whether you would be better off shifting into a commission free arrangement.

Not sure what the difference between an Industry SuperFund and a retail super fund is? Click here.

  • Compare the Pair - It's not too late


    LUCY: C'mon, get yourself something new.
    SOPHIA: Do you think so?

    Read more

    LUCY: You'll love it. Put yourself first for a change.
    SOPHIA: I guess. 
    Voiceover: Same age. Same income. Same starting balance. Ten years ago, Lucy switched to an Industry SuperFund. Sophia didn't. Compare the Pair.
    LUCY: It's not too late, Soph. 
    Disclaimer: Past Performance is not a reliable indicator of future performance. 


  • Compare the Pair - There's still time to move


    TOM: So... when are you going to move?
    JOSH: I dunno.

    Read more

    TOM: Oh c'mon... You can do better than where you are.
    JOSH: Yeah…I suppose… 
    Voiceover: Same age. Same income. Same starting balance. Ten years ago, Tom switched to an Industry Super Fund. Josh didn't. Compare the Pair.
    JOSH: Still time to move.
    Disclaimer: Past performance is not a reliable indicator of future performance.


Another important difference is that Industry SuperFunds are run only to profit members, while banks and insurance companies use their super funds to generate corporate profits, which are returned as dividends to shareholders, not members. Think about that next time you hear that a bank has made record profits.

Some retail or bank owned super funds are promoting “low fee” or “no fee” super products these days. While it is important to avoid paying unnecessarily high fees on your super, it is even more important to look at net benefit. Net benefit is a fancy term for investment performance minus fees and taxes, so better net benefit means you will have more money in your super account. And that’s what’s really important.

Compare the net benefit of the average Industry SuperFund against the average retail super fund over the past 10 years here to see the difference for yourself.

* Past performance is not a reliable indicator of future performance. Assumes starting balance of $50,000 and initial salary of $50,000. Comparisons modelled by SuperRatings, commissioned by ISA. Modelled outcome shows 10 year average difference in net benefit of the main balanced options of 16 Industry SuperFunds and the 77 retail funds tracked by SuperRatings, with a 10 year performance history, taking into account historical earnings and fees – excluding contribution, entry, exit and additional advisor fees – of main balanced options. Outcomes vary between individual funds. Modelling as at 30 June 2017. See for more details about modelling calculations and assumptions. Consider a fund’s Product Disclosure Statement (PDS) and your personal financial situation, needs or objectives, which are not accounted for in this information, before making an investment decision. ISA Pty Ltd ABN 72 158 563 270 Corporate Authorised Representative No. 426006 of Industry Fund Services Ltd ABN 54 007 016 195 AFSL 232514.