$140 BILLION WINDFALL FOR AUSTRALIANS

Date 19/07/2017

As statements go out over the next few weeks, an estimated $140 billion will have been added to super accounts in investment earnings for the year, the eighth consecutive year that super funds have delivered positive returns to members.

Once again, industry funds have dominated the performance tables, with the leading fund, the $23 billion HOSTPLUS, delivering a return of some 13.2% to its 1 million members. HOSTPLUS was closely followed by Australia’s largest fund, the $114 billion behemoth, AustralianSuper, who delivered some 12.4% to its 2.2 million members.

As SuperRatings’ Chairman, Jeff Bresnahan, said “At a time when inflation hovers below 2% per annum, Australian super funds continue to far exceed expectations, with accrued earnings of well over 100% since the end of the GFC. Over the last 5 years alone, funds have averaged 10% earnings every year, more than erasing the pain of the GFC and putting retirees in a significantly improved position than they could ever have hoped for”.

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$140 BILLION WINDFALL FOR AUSTRALIANS

Date 19/07/2017

Australians in mainstream superannuation funds are set for a windfall as SuperRatings exclusively reveals that the average fund return for last financial year topped 10.4%.

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