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The Untold Super Story

“Interesting to read an article from an online news publisher owned by a group of industry super funds bagging bank-owned superannuation fund sector regarding new research from Industry Super Australia (ISA). No surprise that the union of industry super funds directed yet again another attack on its bigger competitor...” says Heart Financial Advisers Principal, Stu Varidel.

The article stated: “Consistent outperformance by industry super funds over bank-owned super funds reflects the differences between for-profit and not-for-profit business models”. The reality is that the data collected is just not comparable and fails to tell the whole story in an accurate manner. The article stated that retail only achieved 3.3% and Industry achieved 5.2%.

Stu went on and said: “From where I see the situation the only super you should have is one that is under the advice of a financial adviser. I recently compiled some historical data of client returns and came up with an average net return 7.2%. Interestingly this level of performance beats all sectors by a country mile. This is good for my clients and not so good for those you are not actively engaged with an adviser. Like so many things in life, it is not what you know but who you know that makes all the difference. Most Australians don’t receive any advice on their super regards of whether it is an Industry, Retail or other fund full stop. The point here is simple, get some advice and you will do better.”

“The bigger issues lie in the general disengagement of most Australians with their super and the lack of financial literacy. Sadly, the media doesn’t see any value and pushing this agenda!” said Stu.

If you want to engage with your super and become financially literate please call Stu on 1300 861 143.


This information is current as at 01/06/17 This article has been prepared by Heart1Stop, a social media brand owned by Heart Mortgage Services and Heart Financial Advisers. The information contained in this article is an overview or summary only and it should not be considered a comprehensive statement on any matter nor relied upon as such. The views expressed here are not those of Heart1stop, Heart Mortgage Services, Heart Financial Advisers, shareholders, directors or staff and associated contractors and business associates. This article has been prepared without taking into account any person’s objectives, financial situation or needs. Because of this, you should, before acting on any information contained in this article, consider its appropriateness, having regard to your objectives, financial situation or needs. Any taxation information contained in this article is a general statement and should only be used as a guide. It does not constitute taxation advice and is based on current laws and their interpretation. Each individual’s situation may differ, and you should seek independent professional taxation advice on any taxation matters. While the information contained in this article may contain or be based on information obtained from sources believed to be reliable, it may not have been independently verified. Where information contained in this publication contains material provided directly by third parties it is given in good faith and has been derived from sources believed to be accurate at its issue date. It is not the intention of Heart1Stop or Heart Mortgage Services and Heart Financial Advisers that this publication be used as the primary source of readers’ information but as an adjunct to their own resources and training. To the maximum extent permitted by law: no guarantee, representation or warranty is given that any information or advice in this publication is complete, accurate, up to date or fit for any purpose; and no party of Heart1Stop or associated entities as mentioned is in any way liable to you (including for negligence) in respect of any reliance upon such information. This article may also contain links to websites operated by third parties ("Third Parties") who are not related to Heart1Stop. These links are provided for convenience only and do not represent any endorsement or approval by us.

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