Super returns head north

australian share market cent

21 April 2010
| By Mike Taylor |
image
image
expand image

After two consecutive years in negative territory, Australian superannuation fund returns appear set to end the year in positive double digits, according to the latest data released by Sydney-based ratings house Super Ratings.

According to the Super Ratings data, with only three months remaining in the 2010 financial year and with the Australian share market continuing as a drive force, returns might end the 12-month period as high as 14 per cent.

However, this followed the negative 6.4 per cent recorded in 2008 and the negative 12.9 per cent recorded last year.

The Super Ratings data revealed that returns for the median balanced option improved by 2.90 per cent in March, by 1.62 per cent in the March quarter and by 13.95 per cent for the 12 months to the end of March.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 weeks ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

3 weeks 5 days ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

6 days 4 hours ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

1 day 19 hours ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

23 hours 52 minutes ago