Yellow Brick Road Launches Low-Fee Superannuation Fund Mark Bouris is aiming his super fund at younger savers. Photo: richardhughes@fairfaxmedia.com.a Mark Bouris' Yellow Brick Road is hoping to capture a slice of the $1.5 trillion in superannuation savings with the launch of a low-fee super fund. The man behind the big desk in Celebrity Apprentice is introducing the RetireRight superannuation fund with fees and costs of 0.75 per cent and a minimum fee of $1.44 a week. That compares favourably with the big super funds, the cheapest of which have fees of about 1 per cent. "Research shows that too many Australians don't have enough super to fund five years in retirement never mind the 20 or more that they'll actually be in [retirement]," Mr Bouris, executive chairman of the ASX-listed company, said. "The majors are competing for business at the top end of town: the clients who are earning a comfortable six figures," he said. But then there is the rest of Australia, the people who are slogging it out just to get by. RetireRight has three investment options. "Smart Cash," which is invested in cash and diversified fixed interest, is designed for risk-adverse investors. The "50/50" option is invested half in "growth" investments such as shares and property and half in "defensive" investments such as cash and fixed interest. The "Go for Growth" option has at least 80 per cent of the money invested in growth investments and the rest in defensive investments. The super fund can be accessed through Yellow Brick Road financial advisers. There is either a one-off fee for advice that is the lesser of $5,500 or 5.5 per cent of the investment, or the planner can be paid an ongoing fee of up to 0.55 per cent of funds under advice. The fees are negotiable. Superannuation savers who do not want advice can apply online with Yellow Brick Road to invest in RetireRight and avoid planner fees. Whereas many big super funds have automatic acceptance of members for death and total and permanent disability cover, there are some restrictions with RetireRight. For example, cover will not be extended to those employed in certain "higher risk" occupations.