Being in a ‘fat cat’ super fund could cost $200,000 in retirement savings

Being in a ‘fat cat’ super fund – which, on average, charge fees more than twice that of some other funds – could cost some super fund members $200,000 in retirement savings. Releasing its 2019 Fat Cat Funds Report, Stockspot says it has found that “fees make all the difference” to retirement savings. The report… Continue reading Being in a ‘fat cat’ super fund could cost $200,000 in retirement savings

Lifecycle super product performance figures released by Chant West

Super fund investment returns are off to a “good start” says firm Chant West, which also released performance figures for ‘lifecycle’ products. The ‘median growth fund’, 61-80% growth assets, returned 1.1% in July. This maintains the momentum from the “healthy” return of 9.4% in 2017/18. The return in July was largely due to the share… Continue reading Lifecycle super product performance figures released by Chant West

Industry super fund members better off by $2,000 a year

Industry super fund members are around $2,000 better off a year compared to being in a retail super fund, according to the latest ‘Compare the Pair’ figures. Updated modelling, conducted by SuperRatings, for Industry Super Australia’s Compare the Pair campaign finds someone earning an average salary would have a super balance $20,871 higher over the… Continue reading Industry super fund members better off by $2,000 a year

Industry-retail fund performance gap widening in “alarming” trend

The performance gap between industry and retail superannuation funds is widening, a development which Industry Super Australia describes as “alarming”. Industry Super Australia conducted an analysis of the recently released APRA statistics up to June 2017 and found that the margin by which industry super funds are outperforming retail super funds is increasing. Over one… Continue reading Industry-retail fund performance gap widening in “alarming” trend

Super funds on track for “remarkably strong” investment returns in 2016/17

Superannuation funds are on track for “remarkably strong” investment performance in the 2016/17 financial year, according to Chant West. The ‘median growth fund’ – 61-80% growth assets – has returned 10.4% over the eleven months so far of the financial year, with a 0.5% gain in May. Chant West says that double digit investment returns… Continue reading Super funds on track for “remarkably strong” investment returns in 2016/17

For-profit super fund members “kept in the dark” about poor performance

Millions of Australian super fund members are being “kept in the dark” about the poor performance of their retail superannuation funds, the Australian Institute of Superannuation Trustees (AIST) has claimed. AIST said it is concerned, based on research commissioned from SuperRatings, that poor disclosure means super fund members are unable to compare their fund’s performance.… Continue reading For-profit super fund members “kept in the dark” about poor performance

SMSFs under $2 million “not viable”, says Industry Super Australia

SMSFs with less than $2 million in assets are “not viable retirement savings vehicles”, according to an analysis of ATO statistics by Industry Super Australia (ISA). “Based on seven years of SMSF investment performance a typical SMSF needs more than $2 million in assets to generate returns above those of industry funds,” says the ATO… Continue reading SMSFs under $2 million “not viable”, says Industry Super Australia

$200,000 in assets a key threshold for SMSF performance

$200,000 in assets is a key threshold for the performance and diversification of an SMSF, according to new research. Large SMSFs outperform small funds because they are more diversified, efficient and have more experience operating, according to research conducted jointly by SuperConcepts and the University of Adelaide’s International Centre for Financial Services. Peter Burgess, SuperConcepts General Manager… Continue reading $200,000 in assets a key threshold for SMSF performance

Industry super funds continue to outperform retail funds

Not-for-profit industry superannuation funds have continued to outperform retail funds over a rolling 10 year time period, by just over 2%, according to an analysis of SuperRatings data by Industry Super Australia, Source: Industry Super Australia Industry Super Australia Chief Executive David Whiteley said industry super fund members “can take comfort in these results and should… Continue reading Industry super funds continue to outperform retail funds

Industry super funds outperform retail funds over 10 years

Industry super funds have consistently outperformed retail super funds over 1, 3, 5, 7 and 10 year periods, according to Industry Super Australia, based on data from SuperRatings. Over a 10 year period the statistics show that industry super funds have outperformed “bank-owned funds” by 1.66%, 6.75% to 5.09%. The difference is smaller for 1 year returns,… Continue reading Industry super funds outperform retail funds over 10 years