POWERED BY MOMENTUM MEDIA
Superannuation to grow faster than personal investments
The superannuation market is expected to grow faster than the personal investment market over the next 15 years, according to a report released by Rice Warner.
Rice Warner's Personal Investments Market Projections Report 2012 revealed that the personal investments market, which includes assets held in banks, shares and investment properties, sat at $1.9 trillion at 30 June 2012, compared with $1.3 trillion currently sitting in superannuation.
However, the superannuation market will grow faster than personal investments over the next 15 years - 6.3 per cent per annum compared to 4.2 per cent per annum - mostly due to the significant compulsory component within that market driven by the superannuation guarantee.
Despite the projected growth of the superannuation market, Rice Warner director Richard Weatherhead said personal investments would become increasingly important, with the wrap platform market to double in the next 15 years.
He claimed that concessional contribution caps and other tax changes dampened the attractiveness of investing in superannuation. Furthermore, investors will seek the flexibility of access to their savings.
Recommended for you
The Federal Court has ordered AustralianSuper to pay $27 million for failures to address multiple member accounts.
The country’s fourth-largest fund is targeting the “missing middle” of members with a new digital advice service in partnership with Ignition Advice.
The prudential regulator confirmed it is considering BUSSQ’s Federal Court appeal.
The Albanese government has put forward a bold proposal to tackle the challenges of Australia’s swelling retirement pool, in an effort to allow superannuation funds to play a more active role in shaping members’ retirement outcomes.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.78 3 y p.a(%)
3
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
30.80 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
28.31 3 y p.a(%)
