When you enter the workforce for the first time, your employer will often have a default super fund they will automatically begin paying your super into. And if you’re moving from one job to the next, your super fund will ideally move with you (through a Government initiative called stapling).

Just because you start with a certain fund, doesn’t mean you have stay with that super fund forever. From time-to-time, it pays to do a little research and make sure the super fund you’re with is still working best for you.

When thinking about a super fund, a good place to start may be one that offers a MySuper product. MySuper products are designed to be simple, low cost and easy to compare. They also come with certain protections under superannuation law. For example, they can only charge certain fees to your account and must provide you with particular types of insurance.

Vanguard Super offers a MySuper product called Lifecycle. Lifecycle is invested across a broad mix of different assets to provide a broadly diversified portfolio of investments. Lifecycle is designed such that the asset mix automatically adjusts according to your age.

How to open a super account