Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Balanced super options up 1.6% in August

SuperRatings/Kirby-Rappell/

16 September 2021
| By Liam Cormican |
image
image image
expand image

Typical balanced superannuation options rose 1.6% in August and 18.2% over the past year, according to SuperRatings data, despite 13 of the top 80 MySuper funds failing the Australian Prudential Regulation Authority’s (APRA’s) inaugural super performance test.

The research house’s latest data found the typical growth option rose by 1.9% in August and 18.2% over the last 12 months, while the median capital stable option increased by 0.7%.

Pension returns were also positive, with the median balanced pension option returning an estimated 1.7% over the month and 19.7% over the year.

SuperRatings chief executive, Kirby Rappell, said the assessment of the performance of funds had gained traction since the results of the performance test was released, and investors needed to look at more than just returns.

“It’s a good idea to consider a variety of factors such as fees, investment choices and insurance when deciding whether a fund is right for you,” Rappell said.

“This can range from ensuring the fund has an investment option that suits the level of risk you’re comfortable with to checking if there are specialist investment options such as a socially responsible option.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

3 days 16 hours ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

4 weeks ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

6 days 10 hours ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

2 weeks 1 day ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

1 week 6 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND