Voluntary superannuation contributions have eased slightly after approaching record highs as super members appeared to take a breather after riding the bull market of recent years. The latest data from superannuation research house SuperRatings reveals the average voluntary contribution over the course of the 2017 financial year was $1,054. This was a 10 percent decline […]
Australia’s superannuation funds have faced their first test of the financial year, with a major market selloff in October likely to put a dent in account balances. According to preliminary estimates from SuperRatings, over the period 28 September to 11 October, a typical balanced option account with a $100,000 balance will have lost $2,700. For […]
Australia’s superannuation funds are participating in the global share market rally, with big gains from US and European markets showing up in members’ accounts and providing a promising start to the 2018-19 financial year. According to SuperRatings’ data, the median balanced option grew at an estimated 1.1% in July, while the median growth option delivered […]
Smaller super funds have nearly 45 percent more low balance accounts as a proportion of total membership than the average fund leaving them most exposed to the Federal Government’s cap on fees for low balance accounts. This is the latest data from superannuation research house SuperRatings who have assessed the impact to super funds from […]
Australia’s superannuation fund members have reason to expect a pickup in performance in the second half of 2018, following a volatile first half that saw super funds scrambling to recover from a global selloff earlier in the year. SuperRatings’ data shows the median balanced option grew at an estimated 1.3% in June, bringing the June […]
SuperRatings’ response to the Productivity Commission’s draft report on efficiency and competitiveness of superannuation indicates support for a review of the current system, with insight provided into some of the draft findings and recommendations where we foresee implementation issues that could potentially present challenges. View the full response here
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