POWERED BY MOMENTUM MEDIA
Most Australians not retirement ready: survey
More than a third of Australians expect a significant shortfall between their retirement needs and their actual savings, a survey has found.
And a further quarter think there will be “some” gap between the two, according to MLC’s annual retirement research.
The survey found just 3.5 per cent thought they would have more than enough to cover them for their remaining years, while 70 per cent did not have a plan for unexpected events like illness or unemployment.
NAB Wealth Group executive Andrew Hagger said it was worrying that more than half of the respondents were not adequately prepared.
“Australians wanting to take control and get active in their retirement savings should seek financial advice to get the help they need to reach their goals,” Hagger said.
The findings were based on MLC’s survey of more than 2000 Australians.
Recommended for you
Vanguard Super has reported strong returns across most of its investment options, attributed to a “low-cost, index-based approach”.
The fund has achieved double-digit returns amid market volatility, reinforcing the value of long-term investment strategies for its members.
Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an estimated 10.1 per cent over the 2024-25 financial year, but an economist has warned that the rally may be harder to sustain as key risks gather pace.
AustralianSuper has reported a 9.52 per cent return for its Balanced super option for the 2024–25 financial year, as markets delivered another year of strong performance despite the complex investing environment.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
