How to know when it's time to change super funds

What if I told you that by spending a few hours looking at your super account, you could end up saving tens of thousands of dollars? I spoke to three independent financial advisers to find out: The most important thing is choosing the right investment option While each super fund is different, they all have a mix of growth assets — like shares and property — and defensive assets like bonds and cash, which are less volatile. How to tell if your super fund is underperforming When it comes to performance, it's important to compare apples to apples, says independent financial adviser Suzanne Haddan. The higher growth investment options, which tend to have the higher returns, often have higher fees because the shares and property are more complex to administer compared to safer assets like cash, Ms Haddan says. "Even if you look at the competitive industry fund options that have performed well over time, they're still going 0.8 or 0.9 per cent in terms of their fees," he says.