The Federal Government’s proposed increase in the Superannuation Guarantee from 9 to 12 percent has ‘almost universal support’ from Australians a poll commissioned by ASFA concludes.
Superannuation funds were slightly down in April, by a negligible 0.1 percent, following the mixed performance of global share markets due to the Greek sovereign debt crisis.
Barring a shock collapse in world sharemarkets, superannuation fund members can look forward to a positive return this financial year – the first time since 2006/07.
Financial advisers may be banned from charging commissions on investments and pension sales, under recommendations contained in the Cooper Review of superannuation.
This month marks one year from the depth of the financial crisis, and demonstrates the value of taking a long-term view of investment markets. After another positive month in February, the median superannuation growth fund has returned a satisfying 20.4% for the past year.
One of Australia’s largest industry superannuation funds Cbus has agreed to merge with Connect, and will have almost $15 billion in assets under management.
Australians are predicted to lose $120 billion during the next decade by investing with retail superannuation funds. The Industry Super Network (ISN), a body that represents the not for profit superannuation sector, have released a 24 page report comparing the performance of both not for profit and retail superannuation funds. The report, called Supernomics used […]
The not for profit and industry funds have again dominated the Chant West 2010 superannuation fund ratings. This is despite master trusts performing well as the economy escapes from the effects of the GFC. “While investment is very important and accounts for 40% of our overall weighting, past performance only counts for 10% of that,” […]
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