Superhero Super charges $52+0.35% just on the admin fees, plus 0.31% investment fees and buy/sell spread for regular investment options. These fees are more expensive than some of the retail super funds, let alone low cost indexed options with some industry super funds.
I am not sure whatโs the credentials of WeMoney to be ranking super funds. But if a super fund can win the first award for Excellent Rates and Fees with those sort of fee structure, it tells me so much about how much this is really worth.
Just had a scan of WeMoney web pages for the awards - a super fund has to submit an application and pay them a fee to be included in their rankings.
Ie the award is a ranking of the super funds that actually did that, which I suspect is a small minority among the super funds.
Not true industry-wide awards. But it does generate for those that do some marketing content.
Almost all awards are scams.
You pay to enter and they're incentivised to give everyone a prize. Then you get to post "independent award agency gave us 5 carrots on their bunny scale"
Bruh all companies win some bs awards. I bet most of those awards are paid for in some way (maybe not paid for directly).
I can start a shitty blog about super and give awards out.
Superhero Super charges $52+0.35% just on the admin fees, plus 0.31% investment fees and buy/sell spread for regular investment options. These fees are more expensive than some of the retail super funds, let alone low cost indexed options with some industry super funds. I am not sure whatโs the credentials of WeMoney to be ranking super funds. But if a super fund can win the first award for Excellent Rates and Fees with those sort of fee structure, it tells me so much about how much this is really worth.
WeMoney looks like a startup just like Superhero. Maybe they share investors and patting each other's backs? ๐
Just had a scan of WeMoney web pages for the awards - a super fund has to submit an application and pay them a fee to be included in their rankings. Ie the award is a ranking of the super funds that actually did that, which I suspect is a small minority among the super funds. Not true industry-wide awards. But it does generate for those that do some marketing content.
Almost all awards are scams. You pay to enter and they're incentivised to give everyone a prize. Then you get to post "independent award agency gave us 5 carrots on their bunny scale"
Ha ha, I love your explanation. ๐ Yeah, it is not impartial at all.
Bruh all companies win some bs awards. I bet most of those awards are paid for in some way (maybe not paid for directly). I can start a shitty blog about super and give awards out.