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Definitely true - majority of assets held in Retails funds are are on much higher fees than Industry funds. Retail funds are now offering more cost competitive options but portion of Funds is low. Fees charged on Super are a total rip off.

Your Super Fund returns can be impacted by a number of factors including the assets class, fund manager and fees. Most funds provide a wide range of funds to choose from. Spend some time researching what suits you best. Usually if you have long time before accessing Super people choose higher...