FRIENDS WITH MONEY PODCAST  |  SUPERANNUATION

Friends With Money #200: Super smart - How to save big on fees

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On this episode of the Friends With Money podcast, we tackle the confusing world of superannuation fees.

Money's Michelle Baltazar talks with Daniel Shrimski from Vanguard Australia about how a lack of transparency and awareness around these fees can hurt people's retirement savings.

Shrimski shares practical tips and provides an example on how to potentially save $1500 each year on fund fees.

friends with money podcast michelle baltazar and vanguard super's daniel shrimski

00:00 Introduction

00:20 Understanding superannuation fees

00:58 Guest introduction: Daniel Shrimski

01:53 Vanguard Australia's role in superannuation

02:06 The fund with 50 million investors

03:08 The six types of super fees

06:57 Reading your superannuation statement

09:00 Pushing for transparency

11:51 Are you overpaying?

14:00 The average super fund fee

15:31 Conclusion and final thoughts

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*Proudly brought to you by Vanguard Australia

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Michelle Baltazar is editor-in-chief of Money magazine and an award-winning journalist, editor and publisher. She has worked at media companies including BRW, Shares Magazine (London) and industry newspaper Financial Standard, and has written about superannuation, wealth management, investment technology and financial advice.

Daniel Shrimski is the managing director of Vanguard Australia. He joined Vanguard Australia in 2011 as the company's chief financial officer. He moved to the US in January 2017 to become the divisional CFO of the US retail investor group, and most recently was CFO of Vanguard's international business. Daniel has a Bachelor of Commerce from Monash University and is a member of the Institute of Chartered Accountants.