Super returns strongly negative
Australian superannuation funds continue to languish in heavily negative territory, according to the latest data released by research house SuperRatings.
The data revealed that the median balanced superannuation option recorded a loss of 1.85 per cent for January.
And, according to Super Ratings managing director Jeff Bresnahan, apart from some government hand outs, there would appear to be no good news for any Australian who holds investments in anything other than defensive style assets like cash or fixed interest.
He said sharp declines in the Australian equity and listed property sectors in January led balanced super fund options backwards and assisted in dragging the rolling three-year return for these options to a negative 1.86 per cent a year.
Bresnahan said in financial year to date terms, the median of minus 15.10 per cent for balanced options meant only a major financial miracle could prevent Australians from suffering their second consecutive negative financial year return after losses of 6.4 per cent in 2007-08.
AUTHOR
Mike Taylor
Recommended for you
As larger Australian Financial Services licensees continue to expand their reach in an increasingly expensive industry to operate, how do smaller firms ensure they stay relevant and efficient?
HUB24 has added almost 600 advisers in the 2025 financial year as the platform capitalises on opportunities presented in wealth management.
Wealth Architects has acquired a Cairns-based advice practice as it seeks to expand its national advice presence.
While the overall gender wage gap has decreased slightly, the Financy Women’s Index reveals the gap has widened for employees in the financial and insurance services sector.
