Which is the best performing industry super fund in Australia?
Australia’s best and worst performing super funds revealed
- UniSuper – Sustainable Balanced.
- Fiducian Super – Balanced Fund.
- Aware Super – Growth.
- IOOF – MultiMix Balanced Growth.
- UniSuper – Balanced.
- Lutheran Super – Balanced Growth (MySuper)
- Victorian Superannuation Fund – Growth (MySuper)
- Qantas Super – Growth.
Who is the largest super fund?
AustralianSuper
Which are the largest super funds?
Rank | Fund name | Total assets ($ billion) |
---|---|---|
1 | AustralianSuper | 172.4 |
2 | QSuper | 115.3 |
3 | First State Superannuation Scheme | 103.1 |
4 | Public Sector Superannuation Scheme | 83.3 |
How big is Australia’s superannuation industry?
$2.7 trillion
As of 30 June 2018, Australians have AU$2.7 trillion in superannuation assets, making Australia the 4th largest holder of pension fund assets in the world. As of 30 June 2019, the balance is AU$2.9 trillion.
How many industry super funds are there in Australia?
15 super funds
There are 15 super funds which are members of Industry Super Australia (listed below). However, not all industry super funds are members of Industry Super Australia.
How much of the ASX is owned by super funds?
Currently the 37 per cent of the ASX held by super funds is made up of figures that vary with fund type. Nor-for-profit (NFP) industry, corporate and public sector funds own 13 per cent of the stock exchange by valuation while for-profit retail funds hold 9 per cent.
What are the 13 super funds that failed?
The funds that failed Australians: ASGARD Independence Plan Division Two – ASGARD Employee MySuper. Australian Catholic Superannuation and Retirement Fund – LifetimeOne. AvSuper Fund – AvSuper Growth (MySuper) BOC Gases Superannuation Fund – BOC MySuper.
What is the most ethical super fund?
Sustainable returns are closing gap
Super fund | Sustainable Balanced investment option name | Balanced investment option 5 yr return |
---|---|---|
UniSuper | Sustainable Balanced | 9.5% |
VicSuper | FutureSaver – Socially Conscious Option | 9.5% |
Australian Ethical | Pers Balanced | 9.3% |
AustralianSuper | Socially Aware | 10.4% |
How many super accounts are there in Australia?
There were around 16 million Australians with super fund accounts at 30 June 2020….Accounts consolidated by individuals using ATO online services.
Year | No. of accounts consolidated | Value ($ billion) |
---|---|---|
2020 | 663,000 | $6.9 |
2019 | 538,000 | $4.4 |
2018 | 532,000 | $3.2 |
2017 | 548,000 | $2.9 |
Which is the largest super fund in Australia?
Australian Super remains the biggest fund, with assets worth $172.4 billion as at 30 June 2019, up 18.8% in a year. Evidence of economies of scale is compelling – larger fund size is strongly associated with lower average costs in the Australian superannuation system…
How much money is in superannuation in Australia?
At September 2019 there was $2.9 trillion invested in super, up 7.1% in just 12 months. That’s significantly more than the $1.9 trillion combined value of all the stocks on the ASX. And with 9.5% of everyone’s wages being added each year, Australia’s superannuation system is only going to get bigger.
How big are the pension funds in Australia?
Australia’s superannuation system is one of the world’s largest pension schemes. According to the Association of Superannuation Funds of Australia (ASFA), there were $2.3 trillion in assets under management as of June 2017.
Which is the best Super Fund for the health industry?
HESTA Super Fund 4.2 from 920 reviews As an industry super fund for the health and community services sector with 870, 000 members, HESTA is not only highly trusted, but frequently outperforms other super funds with its high returns.