Which super fund?

[Tim]

My wife is a public servant and can join one of three super schemes offered by AMP, AXA, or ASB. Only interested since there is a dollar for dollar subsidy by employer. Can anyone recommend the best company above?

[Gryffyn]

Scroll thru the archives and you'll see I did a thread named SSRSS or summit like that on this very topic.

Put in as much as you can and do the backdating.

[Tim]

Thanks Gryffyn.
AXA had a recommendation in last post. You were advising, which one did you recommend in the end?

[Gryffyn]

ASB - but typically it was not easy to compare fees etc as per most critism of funds.

If it wasn't dollar for dollar from the govt I'd say go nowhere near any of them but even a fund manager will have to work hard to half the money!

Went for max equity - high growth as my reasoning to other half was that her other non scheme savings are likely to be low risk things like banks etc so she might as well gamble with the taxpayers dollar and balance out her total portfolio :-)

ASB fees seemed lowest and easiest to understand.

[Bob Marley]

Tim mon, AMP or AXA would get my money mon.

ASB invest mostly in index funds and have less investment options which is why their fees are slightly lower. I'd pick the fund that has an asset allocation that matches my risk profile.

[Placebo]

Tim, an interesting one. Shame they don't just give your wife the max 3 pct bonus and let you make the investment decision yourself [:p]. I also working in the public sector and have similar opportunity, will be interested to see views, though I suspect they will all have very similar results.

Good luck.