ANZ launches low-cost super fundBY MARK SMITH | THURSDAY, 22 NOV 2012 11:50AMANZ has launched a new life-cycle super fund that aims to beat the cost of comparable industry and retail funds. |
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CHEAP IS BEST ! ! !
As they say, you can't eat relative performance...and superficial low fees alone will not put food on the table in retirement!!
Unfortunately the government has not realised 1) the value of good advice and 2) the true benefit of alpha. It has preferred to push the industry to dirty beta in the pretence that this is alpha.
Well done ANZ, your move Industry funds