Yes, when I spoke to Mr Plum on the Plum hotline confirming the fees, and told him I would be moving to a low cost provider, he was kind enough to remind me that there would be an exit fee of $78. I chuckled and told him that the costs savings from moving out of Plum to a cheaper would would more than cover the exit fee. He was happy to acknowledge that.
I investigated an SMSF briefly, but was put off by the audit requirements and cost of that.
The Sun Super option seems quite good. They push their own diversified package options, but they also provide single asset class options, which offer a range of low cost index choices - Australian shares, International shares (hedged), International shares, Bonds as well as some non-index options Emerging Markets etc etc.
What they don't seem to emphasise is that you can choose any combination of 10 of these options when you join. And you change allocation. And they also do automatic rebalancing if you want it.
Others have recommended Sun Super in the past - but it didn't quite click with me that you could do this within their offering.
I was thinking about using an ING or Host Plus to buy my own ETFs, but the limits you refer to put me off it, as well as their relatively high fees for the service (in respect of ING). If you could get a thin super admin account and just buy one of these that would be the way to go I think:
https://www.vanguardinvestments.com.au/adviser/adv/v/diversified-ETFs.jspAnyway, i'm hoping Sun Super will be okay.
Just generally, I wish people, including my earlier self, would wake up to the death by a thousand cuts business model used by financial services companies in regards to their super. The other week I was walking through the city and had to change course several times around newsagencies selling powerball tickets, collectively spending millions on a less likely than getting struck by lightning chance ofan instant fortune. It would be great if these people would suss out their super balances and pick the low hanging fruits there - if only to spend it on more powerball tickets!