Super growth recorded in 2023
Superannuation fund returns almost hit double figures last year, according to researchers Chant West.
Stay updated with breaking news from Mine Super. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Superannuation fund returns almost hit double figures last year, according to researchers Chant West.
Mine Super, representing Hunter Valley miners, will merge with TWUSUPER to create a $20-billion organisation.
Heavy exposure to global technology giants such as Apple and Microsoft drove the performance of the top fund for the year.
Money Management explores four key superannuation fund mergers expected to finalise this year, including two mergers with Australian Retirement Trust.
Australians’ retirement balances jumped almost 10 per cent in 2023, thanks largely to booming US technology shares, strong global equities, and rising cash returns.