Best of the Best 2024: Best-Value MySuper Products
Vanguard Super has been named Money's Best-Value MySuper Products as part of the Best of the Best awards.
It can be hard to get a handle on the true cost you are paying for your super because there are so many fees.
Vanguard Super's easy-to-understand fee for its long-awaited superannuation offering, Vanguard Super SaveSmart, wraps up all the fees - administration, investment, transaction, trustee and brokerage - into one low, straight;forward and transparent 0.58%pa.
Daniel Shrimski, managing director of Vanguard Australia, says the fee will decrease as the fund grows over time because the greater scale will push down the costs.
Australian investors with Vanguard's index funds and exchange traded funds (ETFs) have already seen fees come down multiple times on these products, he says.
A US-based manager with more than $12 trillion in assets and an investment history covering more than 45 years, Vanguard has been in Australia for 25 years and manages $104 billion in index and ETFs. Vanguard Australia launched its superannuation fund in November 2022.
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