Have worked for the same company for 11 years and I’ve just let my super to be managed through work. The returns have been getting are around 7 to 8% per annum, Is this considered a good return?

If you could lock in 7% for the next 30 years would you be happy with it? Or would you be looking over the fence at the guy getting 16% and thinking "7% is shit"
Trouble with high returns is that they ALWAYS come with risk. the 16% guy might have negative returns the next year...

what you have I think is actually two questions:
1: where do I want my super to go?
and then:
2: what is my long term strategy for retirement?

Q1 is pretty easy: find the fund that lets you do the most things at the least cost
Q2 is very difficult to get a simple answer on: there are a gazillion things to consider.

If you haven't had a chat with someone who can help you with this, now is a good time to start. I would not start with the free advisers in your current super fund, they have a clear vested interest in retaining your membership. Find someone independent, who charges you a fee for service, the less commissions are on the table the more likely your advice is going to be unbiased.

cheers
bc

Hi Brett,

I agree with Brendan’s comments above.

Happy to have a chat with you if you like, what’s best for you will be completely different to the next person.

I charge fee for service as Brendan has suggested.

You can email me at james.wrigley@firstfinancial.com.au or call 03 9909 5826 and we can arrange a mutually suitable time to talk.

Regards
James