Buying Vanguard ETFs through industry super

Thanks for posting that link. Sounds close to what I was hoping for - a simple, low fee, tax effective, index capable fund.

If it is true that the regulator has blocked Vanguard's entry, then it is typical of the corruption that has allowed the raping and pillaging of superannuation since inception.

The purpose of superannuation is to "provide income in retirement to substitute or supplement the Age Pension". Thus, any act to reduce income in retirement is contrary to its purpose, and therefore by its own definition, a superannuation fund should not make a profit, as any profit can only be taken from the income that was intended for the members.

The government, regulators (in name only), and the superannuation funds are complicit in the grand larceny transfer away from superannuation members [1].

What should happen is the superannuation industry should be folded and the government should set up a single fund for all Australians. No one gets the choice in their investments except for the cash component. The fund is something like VDHG minus bonds/cash (All world market index with a slight Australian bias).

There will be a very small group of investors who may have achieved better results, but the main benefits are the actual reduction in age pension payouts to people who bet their super on tulips, mining property, and/ or lost it all in fees. Everyone benefits from this, it is a blatantly obvious and simple solution but never considered due to [1].

 

Haha @Zenith Chaos - tulips See where you're coming from re 1 fund, don't know that I trust the Gov to run my Super for me. They will always find a way to maximise the fees corps get. Competition - like Vanguard - is the only thing that brings fees down (notwithstanding a dictatorship forcing businesses to)

 

Just received this email from Vanguard (highlighted bit about setting up regulatory licenses- picked it like a nose)

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A lot of us have good intentions when it comes to our super. But sometimes making decisions or changes just isn’t a priority. We get it.

That's where Vanguard Super comes in.

Your super should be simple, smart and low cost. It should be easy to understand, choose and keep track of. Most importantly, it should allow you to enjoy more of your money when it matters most.

Vanguard has approached investing this way for over 40 years, putting clients first and continually lowering the cost of investing so that millions of people like you have the best chance of achieving financial success.

Now we plan to bring that expertise directly to you with Vanguard Super.

Keep an eye out for updates from us. We can’t wait to tell you more.

Important information

The availability of Vanguard Super is subject to Vanguard Super Pty Ltd obtaining regulatory licences and successfully registering the fund.

For security reasons, Vanguard will not send you an email or SMS with clickable links asking you to verify or provide your personal information such as your account or login details.

Please do not reply to this email as it is not monitored. To contact us, please call us on 1300 655 101 between Monday and Friday, 8:00am to 6:00pm (AET).