Retail Superannuation Funds
Retail superannuation funds are available to everyone but are particularly attractive for:
- clients with balances of less than $10,000
- clients who want more complex investment choices and not wanting to use a self managed superannuation fund (SMSF)
- clients who have a need for or give a high priortity to obtaining insurance coverage in their fund
These funds generally try to cater for the entire market as much as possible so they generally do have most features you would expect to find with a superannuation fund however they do not allow you to tailor the fund beyond the available features (i.e. they lack flexibility).
As a member of this type of fund, you are not in a position to make decisions at the fund level. These are made on your behalf by the trustee and in making their decision/s, they formulate these deceions based upon what they think would be beneficial to ‘all’ members and not just your own.
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