Background Suppose you want to change the Fund with which you invest your superannuation (pension) savings. You are considering Hostplus and Rest Super as possible alternatives.

a) Consider the fees and cost of $50,000 in superannuation balance. Which of the super funds would you choose solely based on costs and fees? (5 points)

b) What, in your opinion, can explain the difference in fees and costs charged by these two super funds? (5 points)

c) Now look at the historical performance of the MySuper options of Hostplus and Rest Super. Based on past performance, which one of these two options would you choose? Explain. (7 points)