Super funds rebound at close of 2014

22 January 2015
| By Kate Cowling |
image
image
expand image

Super funds finished 2014 on a high note, according to SuperRatings, with the five year median growth rate at eight per cent.

In December 2014, the median balanced option improved 1.2 per cent, which lifted growth for the first six months of the 2014/2015 financial year to 4.9 per cent.

UniSuper's balanced fund led the charge, with a 10 per cent gain over 2014, followed by CSC PSSap - MySuper Balanced on 9.9 per cent and Intrust Super balanced on 9.7 per cent.

"2014 was another solid year for superannuation members and complemented the double digit returns of the past two years," SuperRatings founder Jeff Bresnahan said.

"Super funds also continue to meet their longer term objectives over five and ten year periods, which should provide some level of comfort for members."

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 3 months ago
Kevin Gorman

Super director remuneration ...

1 year 3 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 3 months ago

Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predict...

4 hours ago

Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one ...

4 hours ago

Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns a...

4 hours 27 minutes ago

TOP PERFORMING FUNDS