The search has been completed with the following results:
Total super found in report :
+$0.00
Warning!
You've got muliple funds!
You're like most people - probably paying too much in fees and insurances. Most people in this situation are unnecessarily throwing money away - the superfunds and insurance company's thank you for your kind donations!
Scroll down to see exactly how much you're paying! |
Your current fee breakdown*
Total fee's paid in 1 year:
-$
Total fee's paid in 5 years at current rate:
-$
Total fee's paid in 10 years
-$
If you had one fund:
-$
Amount saved over 1 year:
+$
Amount saved over 10 years:
+$
Detailed fee breakdown
Your current portfolio structure and fees**: |
Scroll down to see your options |
How do I fix this?
Consolidating to one fund is often the best choice
You've got two options if you wish to consolidate:
Option 1
Use our consolidation and fund recommendation service with no out-of-pocket expenses.
We've got fully trained and experienced administration staff that specialise in dealing with superfunds in the most time-efficient manner. We're fully aware of tactics that superfunds employ to stall and keep clients and we'll have none if it - we get the job done as quickly as possible. Most importantly, through the use of electronic signatures and our processes we minimise the amount of paperwork required by you to almost nothing!
What's included:
- Our administration team will contact each superfund so that you don't have to wait in the phone queues.
- We've got our own identification services so that you don't have to provide certified Identification, saving you a visit to a Justice of the Peace.
- We'll review your balances, insurances, fees, investment performance and any restrictions placed on your account.
- We'll deal with the various problems that often occur during this transition caused by changes to names, addresses and employment.
- We'll then complete the paperwork required to both transfer from your existing superfunds into your new Powerwrap account.
- Ensure any future contributions go to your new Powerwrap account so you don't run into this problem again!
- Lastly, you can then access any of our financial services and advisors at a discounted rate including: mortgage, investment, superannuation, estate and taxation financial services.
Why Powerwrap?
Performance
| Fund name | 2016 performance |
| Powerwrap - Index Funds Australia (Growth) | 10.75% |
| Powerwrap - Index Funds Australia (Balanced) | 8.65% |
| Cbus Growth (Cbus MySuper) | 5.5% |
| AustralianSuper Balanced | 4.5% |
| AMIST Balanced | 4.3% |
| Commonwealth Bank Group Super Balanced | 3.3% |
| Sunsuper Balanced | 3.1% |
| HESTA Core Pool | 3.0% |
| REST Diversified | 2.0% |
| MLC MySuper | 1.9% |
| REST Core | 1.8% |
| Telstra Super Balance | 1.3% |
Lower fees than your existing portfolio*
Total fee's paid in 1 year:
-$
If you had one Powerwrap account:
-$
Amount saved over 1 year:
+$
Transparency
View your account and its performance online, at any time.
All this for only $99
deducted from your super
Get started:
Take this optionOr
Option 2
DIY
What you need to know about DIY
Tip #1 - Make sure to have plenty of time spare, you'll need to contact each superfund individually. We find that this can take up to and over an hour for each superfund.
Tip #2 - Have ready access to a printer and scanner. Additionally, be prepared to get your ID certified by a Justice of the Peace, often multiple copies.
Tip #3 - Superfunds employ tactics to stall your transfer or keep your business at all costs, be prepared for the fight.
Tip #4 - It's always a good idea to compare funds to see if you're getting the best deal possible. Ensure to ask each superfund about their fees and performance and compare it to the fund that you're transferring too.
Tip #5 - Investigate the insurance you hold in each superfund and carefully plan your consolidation so not to lose coverage.
DIY Guide
Put as much time as possible into comparing and deciding which superfund you want to consolidate your super too
This is perhaps one of the most important financial decisions that you’ll make within your lifetime and could dictate if you retire with $100,000 or $1,000,000+. When making this decision - you’ll want to take into account the following factors: performance, fees and insurances. To best make an apples for apples comparison, when contacting your funds (the below steps) be sure to gather this information from them directly.
Step 1 – Establish who you need to contact
You may have noticed on your lost super report that the information listed is ‘account name’ and doesn’t include the superfund name. Unfortunately, this is how the results are passed to us and therefore you will have to identify which superfund holds your funds by typing into Google the account name listed on the above report. Once you’ve identified which funds belong to which superfund, you’ll then need to navigate their website and find their contact number.
If you've got funds held in an ATO account, you can recover the funds by following the instructions found here.
Step 2 – contact each fund
Once you’ve identified each fund and their contact number you’ll need to contact them directly. Listed in the above report is the account number, be sure to give this to the call centre worker who answers your call. Inform them that you have completed a lost super report and that it’s indicated that you have funds with them and you’d like to consolidate your funds.
Step 3 – ask the right questions
Don’t forget to ask the right questions at this stage so that you can make a comparison, some suggestions are:
- What is my current 1, 5 and 10 year performance?
- To consolidate to another fund, will I require certified identification?
- What is my current administration fees?
- What is my current MER fee?
- What is my current insurances?
- Is there any exit fees?
- - Are there any restrictions on withdrawing my funds?
Step 4 – Make a choice
Once you’ve contact each superfund and have the right information you should be ready to make the decision which fund is going to be right for you. Preferably you’re looking for the best performance, most comprehensive insurance and least amount of fees. Additionally, you may want to take into consideration their services offered, such as online services for checking your account.
Step 5 – contact the funds that you no longer wish to use and request to consolidate
Remember that they’ll deploy all sorts of tactics within their powers to stall your transfer or get you to stay. Tactics such as re-confirmation of old addresses, additional ‘required’ paperwork, troubles with identification and ‘restrictions’ placed on your account to name just a few. Sometimes you’ll have to do what’s requested - but always know your rights as a consumer.
Once you’ve completed the required paperwork and sent them the required identification, the rollover process may take 2-4 weeks before it appears in the target account.
Step 6 – Don’t get into this situation again, ensure all future contributions are going to your new account
Lastly, don’t forget to update your superfund details with your employer, after going through the above we’re 100% sure you’ll never want to do it again!
Keep us in the loop:
Fee breakdowns are sourced from the superfunds themselves but may have changed since the data was collected. We have tried to provide the most accurate information as possible, however, in some cases actual fees may be higher or lower: depending on how fees are disclosed by the superfunds. In some cases, fees are derived from comparable funds within the same superfund when no accurate information is available. Fees taken into consideration are: Administration, MER, performance and ICR fees. 5 and 10 year figures are hypothetical figures based off this data and multiplied by the number of years. This does not take into consideration inflation or possible increases or decreases to fee structures. The information on this website contains general information and does not take into account your personal objectives, financial situation or needs. It is important that you consider the Product Disclosure Statement of any investment. Zenith Representatives trading as Real Wealth Queensland hold an Australian Financial Services Licence #479263. We recommend that you consult a licensed or authorised financial adviser if you require financial advice that takes into account your personal circumstances. You can check whether a person is a licensed or authorised financial adviser by visiting the Australian Securities and Investments Commission at www.moneysmart.gov.au. Superfund performance source: https://www.chantwest.com.au/investment-returns/super-fund-returns.
Disclaimer and important information
General Advice Warning
The information provided in this website is General Information only, so does NOT take into account your objectives, financial situation and needs. Before acting on any information contained in this website you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs.
Before proceeding, you agree that:
- You agree for $99 to be deducted from your superannuation once the service has been provided. This payment is for our consolidation services only; if you choose other products or services additional charges may apply. It does not apply to Powerwrap or any other third parties and therefore other fees may apply.
- You agree that there has been no financial advice given and product suitability is based on your own personal decision, in doing so you've taken all the necessary considerations to make an informed decision .
- By accepting these terms and conditions you agree that you've read and understood everything contained within this disclaimer.
Privacy Policy Disclaimer
This Privacy Policy sets out the information handling policies of Zenith Representatives Financial Advisers Pty Ltd (Zenith Representatives) and its advisers as at 30 July 2015. Zenith Representatives recognizes the importance of privacy and we are committed to ensuring the privacy of your information. This policy explains the steps taken to comply with the Privacy Act and the Australian Privacy Principles.
Information collection
We will only collect information that is reasonably necessary. We will notify you if we intend to collect information and will only collect information with your consent. The information we hold depends on the type of product or service we provide to you. It may include:
- name, address and contact details;
- date of birth, age and your intended plans for retirement;
- financial goals, needs, objectives and circumstances;
- details of your dependents and beneficiaries;
- financial information (for the purpose of preparing a statement of advice);
- information regarding your health (for some types of insurances;
- your tax file number (where you have given it to us);
- insurance claim information;
- identification documentation (which, in some cases, we are required to collect by law); and
- the products and services we provide, or have provided, to you.
We do not collect sensitive information unless required by applicable law or rules, or you have consented to it. Sensitive information includes information relating to race, political or religious beliefs, sexual preferences, criminal convictions; membership of professional or trade associations or unions and health information. Use of your Personal Information
We use the personal informations to assess your personal and financial circumstances and your risk tolerance so we can provide services to you. Disclosure of Personal Information
We may disclose personal information to other organizations to assist us to implement and administer your investments, and provide you with certain products and services. We only use and disclose personal information about you for the purpose for which it was disclosed to us and for related purposes which are reasonably necessary. For example, we may from time to time use your personal information to inform you of investment opportunities or to provide information about product and services that may be of interest to you. However, we do respect your right to ask us not to do this so please let us know if you do not want us to provide you with this additional information. We do not sell personal information to other organizations to allow them to do this.We may disclose your personal information to overseas entities if it is reasonably necessary for the provision of financial products and services. Your personal information may be disclosed to staff of our group’s Vietnam Office in Ho Chi Minh City to provide services to you. By law, in some circumstances, we may be required to disclose your personal information to third parties without your authorization such as to government authorities and law enforcement bodies in Australia and overseas. Quality of Personal Information
It is in our interests to ensure that the personal information that we have about you is accurate, complete and up-to-date. To assist us with this, please advise us if you believe that any of the information that we have about you is not accurate, complete or up-to-date and all reasonable efforts will be made to correct your information. Personal Information Security
We are committed to keeping your information secure. We use all reasonable steps to protect the information from misuse and loss, and from unauthorized access, modification and disclosure. Where the information is no longer required, we will delete it or permanently de-identify it. Anonymity and pseudonymity
Where practical and within the law, you will be given an option to not identify yourself or use a pseudonym. Access to Personal Information and Correction
Under the Australian Privacy Principles you have a right to access the information except as set out below. If you wish to access the information, please contact your adviser and they will make arrangements for you. In some circumstances, we may refuse t you access to your information. Those circumstances are set out in the Australian Privacy Principles and include situations where we are required to do so at law or access is likely to prejudice an enforcement body in relation to unlawful activity or seriously improper conduct. If we are entitled, under the Australian Privacy Principles, to refuse to give you access to your personal information, we will tell you and provide reasons for our decision. If you establish that your personal information is not accurate, complete or up-to-date, we will take reasonable steps to correct that information in accordance with the Australian Privacy Principles. Contact us about Privacy
If you would like further information about how we handle your privacy or if you would like to make a complaint about how we handled your personal information please contact us using the details provided at the bottom of this page.
Information Accuarcy Disclaimer
Every effort has been made to offer the most current, correct and clearly expressed information possible within this site. Nonetheless, inadvertent errors can occur and applicable laws, rules and regulations may change.Financial Services Guide
Introduction
This Financial Services Guide (FSG), dated 3rd March 2016, replaces all previous versions. This document is an important document which we are required to give you under the requirements of our authorisations as a financial services provider. It provides you with information about Zenith Corperation to help you decide whether to use the financial services we provide. This FSG explains the services that we can offer you and the types of products that we offer. It also explains how we and other related persons are remunerated for these services, and includes details of our internal and external complaints handling procedures and how you can access them. The Licensee authorises the distribution of this FSG.
If you choose to use our services you may also receive from us a Product Disclosure Statement (PDS). If you require Personal Financial Advice you will also receive a Statement of Advice (SOA).
To invest in any of our recommended financial products you must agree to the terms and conditions of the PDS (Product Disclosure Document). The PDS contains information about the particular product and will assist you in making an informed decision about that product.
Zenith Corperation may provide General Advice only. This advice will not take into consideration your individual needs and objectives nor consider the overall appropriateness of the advice for your circumstances. If you require personal advice or advice that is tailored to your circumstances, we strongly recommend that you request such advice. Zenith is able to provide you with personal financial advice.
We will not provide advice on classes of financial products other than those identified in Zenith Corperation authorisations through the Licensee, Professional Representatives AFSL 434290. The licensee is ultimately responsible for the advice provided and services offered to clients of Zenith Corperation.
Who are we?
Zenith Corperation is a specialist financial advisory firm with a focus on self managed super funds, alternative and boutique investments and derivatives.
What Do We Offer?
We offer a range of services including – establishment of Self Managed Super Funds, investment advice, insurance advice, superannuation advice, retirement planning and estate planning.
What Are Our Authorisations?
Zenith Corperation is authorised to provide financial product advice in a range of products and services including superannuation, managed funds, insurance products, derivatives and foreign exchange. A complete list can be found on the ASIC website – www.asic.gov.au
Who Is Your Adviser?
Zenith Corperation is your Adviser and is a Corporate Authorised Representative #000458106 of Professional Representatives Pty Ltd AFSL #434290
What Will We Not Do?
We will not provide advice on classes of financial products other than those covered by our AFSL.
What Do We Expect From You?
We expect that you will use our advice to enable you to make informed financial decisions. We expect that you answer any questions or queries we ask openly, honestly and promptly. We are here to help you achieve your goals. The better the information we can receive the more tailored the advice can be.
How Are We Paid For The Services We Provide?
Zenith Corperation charges a fee based on the amount of funds invested and where the funds are invested. For all managed products, including managed funds and SMAs, we charge 4% upfront and 2% p.a ongoing (plus GST charged monthy). This fee covers you for the intial advice as well as an ongoing general advice you may need, fund updates, performance monitoring, fund reviews and new fund recommendations. Our fees are in addition to any other fees that Praemium, HUB24 and/or other providers charge.
What Commissions, Fees Or Other Benefits Are Received?
Zenith Corperation also receives commissions from insurance providers. The amount of commission we receive varies from provider to provider, however the range is between 30% and 120% of the upfront premiums paid.
Do Any Relationships Exist Which Might Influence The Service Or Advice I Receive?
Zenith Corperation is not owned by any fund manager or institution.
Will You Give Me Advice That Is Suitable To My Investment Needs And Financial Circumstance?
Yes. However, to do so we need to find out your individual objectives, financial situation and needs before we recommend any financial product to you. You have the right not to divulge this information to us, if you do not wish to do so. In that case, we are required to warn you about the possible consequences of us not having your full personal information. You should read the warnings carefully. There are occasions where investors do not require personal financial advice however may seek advice of a general nature in relation to financial products. This general advice does not take into account the person/s financial circumstances, needs or objectives. Where we have provided general advice we will state that it is general in nature and not to be relied upon as personal financial advice. You will not receive a Statement of Advice when we provide the general advice.
What Information Do You Maintain In My File And Can I Examine My File?
We maintain a record of the details you provide to us. If you wish to examine your file, you may ask us and we will make arrangements for you to do so.
We are committed to implementing and promoting a privacy policy which will ensure the privacy and security of your personal information. A copy of our privacy policy will be provided upon your request.
What Kind Of Compensation Arrangements Are In Place And Are These Arrangements Complying?
Zenith Corperation confirms that arrangements are in place both through Zenith Corperation and the Licensee to ensure that it continues to maintain Professional Indemnity Insurance in accordance with Section 912 B of the Corporations Act 2001, (as amended). In particular the Professional Indemnity Insurance, subject to its terms and conditions, provides indemnity up to the sum insured for the Licensee and its authorised representatives in respect of our authorisations and obligations under the Australian Financial Services License.
What Should I Do If I Have A Complaint?
We are committed to providing quality advice to our clients. This commitment extends to providing accessible complaint resolution mechanisms for our clients. If you have any complaint about the service provided to you, you should take the following steps:
- Contact Zenith Corporation on 1300 725 889 or email us on compliance@realwealthsuper.com.au
- If we cannot reach a satisfactory resolution you can raise your concerns with the Financial Ombudsman Service on 1300 78 08 08. The Australian Securities and Investments Commission (ASIC) – a free call info line on 1300 300 6300 which you may use to make a complaint or obtain information about your rights.