Super funds rebound at close of 2014
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."
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Super funds have extended their winning streak, with balanced options rising 1.3 per cent in October amid broad market optimism.
Introducing a cooling off period in the process of switching super funds or moving money out of the sector could mitigate the potential loss to fraudulent behaviour, the outgoing ASIC Chair said.
Widespread member disengagement is having a detrimental impact on retirement confidence, AMP research has found.
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1
DomaCom DFS Mortgage
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Loftus Peak Global Disruption Fund Hedged
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3
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4
Paradice Australian Mid Cap A
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5
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61.94 3 y p.a(%)
