NO NO NO NO NO - DO NOT USE ASG

I signed up the year my daughter was born. Agent promised the fund will grow to cover all uni expenses.

6 years later I am at approx $200 loss without accounting for inflation.

Put your money in mortgage, at least you are guaranteed to get certain percentage.

This is a scam. Save your money and put it on your mortgage instead..

Do not trust them. If you can fork out $180 month pay that extra money in to your mortgage then re-draw when you need the money for kids not wasting time with this company. I have wasted my money and not gaining any interest also paying interest on my mortgage. Miss leading and un-regulated business.

I would not recommend investing in ASG. We started when my son was a baby with the tertiary option. Now, after 18 years all I am looking to get back is my contributions, without interest and with no account of inflation. If my son does decide to go to uni the payments look way too small to cover costs. Maybe he could buy books, but definately not living costs or the HECS debt. He's not looking like going to uni, so we have probably lost that anyway, and they say we only have 2 years before losing any chance to get the small benefit, even if he does eventually go to uni. (I don't remember that condition at sign up)

Do your research & read the info provided. We went the Tertiary option with our daughter when she was born & ended up "just" getting $10k back when she didn't go onto uni. The extra money goes back to fund other kids - and that is what we signed up for.
Signed god-daughter up when she was born for the secondary pack & her mum loves getting the money each year. Forced savings is what we need, and what ASG deliver.

Beware, while Im sure it works for some, it can be a nightmare for couples that separate or divorce. My ex and I have been divorced for several years, and he has not worked for a few years. I have been paying all the kids expenses including school fees and ASG fees. ASG have a policy that only one member has access to the website and mailed statements. That is the first named member on the policy, generally the highest earner. Usually they are targetting women on maternity leave so this will usually be the husband. My ex found out he was the 'primary member' so he changed the website access and mailing address so now I cant access the ASG account. He has also prevented me getting payouts to help fund the kids high school. ASG are so backward that they say they cant possibly grant me my own website access or send me statements. In my opinion they are completely sexist, behind the times and actively condone the financial abuse of women.

I have joined the fund when my daugher is 5yrs.Later she diagnosed with intellectual disability and wont be able to learn in uni.I requested to refund the money with interest,but they are not willing to give interest.So we decided to lodge complaint to financial ombudsman

UNDER NO CIRCUMSTANCES TRUST THIS COMPANY WITH YOUR MONEY.
Not only are they incompetent investors, they are grotesquely inadequate administrators as well. I am taking legal action against them for mismanaging my fund and depriving me of access to my own money put aside put aside for my son's education. It is also my intention to report them to the financial ombudsman. Through this I hope to warm off as many unsuspecting folk as I can. I implore anyone else on this site who has reason, to make a complaint with the financial ombudsman as well.

Do not sign up. My daughter got back less than the amount that we paid in after over twelve years. Run and put the money under your mattress

We singed up to ASG when our son was a toddler. My son is now 19 years old. He deferred uni after leaving school before deciding that he wanted to become a property valuer. He found himself a job as a cadet and studies part-time. ASG advised me that he is not eligible for scholarship payments as to qualify he MUST study full time! I was aware that if he didn't go to uni that he would not be eligible but I cannot recall this ever being disclosed back when I signed him up.