Stay updated with breaking news from Prime Super. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A parliamentary committee has probed super funds for information on members’ home ownership status, as its chair has been accused of using the inquiry to boost a super for housing agenda. A new
Retail, ethical options among 2020’s top funds Retail, ethical options among 2020’s top funds Retail and ethical funds are among the top balanced funds in 2020’s super performance figures, with a number of industry funds topping the tables for longer-term performance. A A The Suncorp Brighter Super Pers – Suncorp Multi-Manager Growth Fund returned 9.6 per cent for the calendar year, scoring the highest among balanced options. It was followed by Australian Ethical (8 per cent) and Vision Super (6.2 per cent). Moving out to 10-year returns (per cent per annum), UniSuper and AustralianSu...
Suncorp had the highest-performing balanced superannuation option during the 2020 year, being one of two retail funds to top the list from research house SuperRatings.
“2020 highlighted the long-term nature of super and the importance of patience,” he said. “Members who sat tight generally did OK. Sadly, there were many others who panicked when markets fell and switched their investments to cash or a more conservative option. Not only would they have crystallised their losses, but they would also have missed out on some or all of the subsequent rebound. “And, of course, there were those who withdrew their money from super completely. That’s understandable to deal with temporary hardship, but they’ll now be faced with making up considerable...