Stewart (born 9 January 1961) and Imogen (born 11 May 1961) Carraway both work full-time in WA state government departments. Imogen is an Economist (earning gross income of $105,000 p.a. plus 9.5% superannuation) and Stewart is a general manager (earning gross income of $88,000 p.a. plus 9.5% superannuation). Their superannuation savings are currently held within AustralianSuper’s MySuper default product. They have overheard their colleagues debating the performance of AustralianSuper’s MySuper product and are seeking your advice on whether they should continue to keep their superannuation savings with AustralianSuper or whether they should change to another fund’s MySuper product.

In order to analyze the market, you have conducted some research and have narrowed down to three potential MySuper options for the Carraway’s:

-Aon MySuper
-AMP Flexible Lifetime Super

-Colonial First State (A subsidiary of CBA) FirstChoice Lifestage

Find each MySuper product’s dashboard online (ensuring you pay attention to the clients’ age). Using information presented in each of the fund’s dashboards, compare the four MySuper products. In your opinion, which is the preferred MySuper product? What other information, not given in the dashboard, would you need to consider prior to giving your final advice?

Answer rating: 100% (QA)

Solution The Aon my super dashboard The Aon my super life cycle is the investment approach that auto... View the full answer