Cbus vs Australian Super

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Silverson, 30th Apr, 2019.

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  1. Silverson

    Silverson Well-Known Member

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    As per title, if you have balances with both funds, which would you roll into/keep and why?
     
    Silverson, 30th Apr, 2019
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  2. Scott No Mates

    Scott No Mates Well-Known Member

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    Not sure how Aust Super is performing this year, CBus is around 5% on high growth (riskier) and slightly higher on the default (safer) option.

    Other funds that I keep an eye on aren't performing as well considering the state of the ASX & overseas markets.

    CBus has been a solid performer for me (at least) compared to other funds I have joined over the years - I have kept this one going and roll over my balances into this one.
     
    Scott No Mates, 30th Apr, 2019
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  3. womble66

    womble66 Well-Known Member

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    I am with Australian Super as a supplementary accumulation fund to my employers DB fund and invest in a 50/50 mix of High/Balanced and to date the performance is 5.98/6.20 respectively. In comparison my DB fund is about ~6.1%.
     
    womble66, 30th Apr, 2019
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  4. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Issues which may mean there is logic to retaining two funds include life insurance etc However you will incur two sets of admin fees etc. The choice of which fund is one of financial advice and commonly past performance may be one indicator but it may be irrelevant for future performance. The two funds could even have very different strategies eg one is growth and other is conservative / capital secure.
     
    Paul@PAS, 3rd May, 2019
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  5. snoopy

    snoopy Well-Known Member

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    snoopy, 5th May, 2019
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  6. TSK

    TSK Well-Known Member

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    AustralianSuper as they have a socially aware (ethical) pre-mix which has reasonable returns over the long term.
     
    TSK, 5th May, 2019
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  7. FredBear

    FredBear Well-Known Member

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    One reason to have multiple funds is to keep concessional and non-concessional separate as much as possible. At some point (when retired) you can will withdraw and re-contribute from the concessional fund. You won't benefit, nor does your spouse but any adult children might be thankful...
     
    FredBear, 6th May, 2019
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  8. MRO

    MRO Well-Known Member

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    MRO, 7th May, 2019
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  9. Scott No Mates

    Scott No Mates Well-Known Member

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    CBUS is one of very few superfunds which is investing directly into construction projects to benefit its members. It is the default fund for the construction industry hence has a vested interest in development. All industry funds are associated with their unions hence they are industry funds.

    By cutting out investment in large scale development from your investment perspective are you achieving equivalent returns from your fund?
     
    Scott No Mates, 7th May, 2019
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  10. MRO

    MRO Well-Known Member

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    I am not against industry funds, it is just CBUS i dont like. I am with Australian Super. I like the investment ethos of CBUS just not how it is operated.
     
    MRO, 7th May, 2019
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  11. SatayKing

    SatayKing Well-Known Member

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    SatayKing, 23rd Jul, 2019
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  12. Scott No Mates

    Scott No Mates Well-Known Member

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    Of course it's different, it's now.

    Still it's commercial lending not contributing to the dearth of residential development.
     
    Scott No Mates, 23rd Jul, 2019
    #12