DateFebruary 15, 2018
Australians’ superannuation balances remain in positive territory for the last 12 months, although recent market volatility is likely to have cost Aussie retirement accounts around $2,000 on average.
According to SuperRatings, the SR50 Balanced (60-76) Index, used to measure balanced super fund returns, is estimated to have risen 0.9% in January, with the 12-month return at 11.9%. Over five years, the balanced option return is 9.2%, highlighting the long-term strength of the superannuation system.
However, January’s return will have been clawed back during the recent market volatility, with the ASX 200 declining 3.3% from 1 February to 14 February. For the typical balanced option account with a $100,000 balance, this represents a loss of $2,000 (or $3,300 if the member has only Australian share exposure).
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