Super funds deliver 5.6% for 12 months to March 2011
The median superannuation growth fund delivered 5.6% for the 12 months to 31 March 2011, although the median growth fund has delivered a more impressive 10.1% for the financial year to date (July 2010 to March 2011), according to rating company Chant West.
Super funds deliver 8.6% for 12 months to February 2011
The median superannuation growth fund delivered 8.6% for the 12 months to 28 February 2011, and the median growth fund delivered an impressive 9.6% for the financial year to date (July 2010 to February 2011), according to rating company Chant West.
Super funds deliver 4.7% for 2010 calendar year
The median superannuation growth fund delivered an underwhelming return of 4.7% for the 2010 calendar year (12 months to 31 December 2010), according to rating company Chant West. Super funds need to generate an additional 8% return from January 2011 onwards to simply recoup the losses suffered since late October 2007.
THE SOAPBOX: Setting targets – how old school!
A major flaw in Australia’s retirement income policy (and in the investment techniques utilised by the skilled professionals who work in the super industry) is the lack of focus on outcomes – specifically, long-term outcomes that enable Australians to plan towards a ‘target’ retirement income, and a target lump sum to deliver that level of income.
FEEding frenzy: super fund fees
When superannuation funds are delivering strong returns, you don’t see much written about the costs of investments, including the costs charged to member accounts by super funds. When returns are poor however, fees become more obvious.
Retail funds outperform industry funds in 2009/2010
Can you feel it? The warm breeze is the collective sigh of relief within the funds management and superannuation industries that super fund returns are in the black – and in double digits.
Super funds deliver 10% for 2009/2010 year
It was touch and go for Australian superannuation funds, enduring a shocking sharemarket performance in May and June, but super funds have stumbled over the line to deliver double-digit returns for the 2009/2010 financial year, according to rating company Chant West.
Super funds set to celebrate double-digit returns for 2009 calendar year
Rating company, SuperRatings, expects the balanced options of Australia’s major super funds to deliver an investment return after fees and taxes of between 10% and 12% for the 2009 calendar year. More on this later. Before I expand on this [...]
Super returns in the red, again (for 2008/2009)
The investment managers and super funds have not yet signed off on the investment accounts for the 2008/2009 financial year (1 July 2008 to 30 June 2009), but based on interim figures, the returns on a typical superannuation account are in the red for a second year.
