Who is the best performing 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.

Which Australian super funds are underperforming?

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 a good rate of return on superannuation?

Over the past 28 years, Growth funds have returned 8.1% per year on average and the CPI has averaged 2.4% per year, giving a real return of 5.7%….Super fund performance: Calendar years (1993 to 2020)

What are the top 10 performing super funds in Australia?

The top 10 performers by net return (assuming it is a 30 year old with a $50,000 balance) were Local Government Super (now re-branded and known as Active Super, 9.46 per cent return), AustralianSuper (9.44 per cent return), HOSTPLUS Superannuation Fund (9.33 per cent return), AON Master Trust (9.14 per cent return).

Which are the 13 underperforming super funds?

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 are the failing super funds in Australia?

The financial watchdog called out 13 big-name funds as having failed – including Commonwealth Bank Group Super, Australian Catholic Superannuation and Retirement Fund, and Colonial First State FirstChoice Superannuation Trust.

Is ANZ super good?

ANZ Smart Choice Super’s growth, balanced and conservative options have all under performed the median. Fees are about average for My Super options. Morningstar have given it a 3 out of 5 star rating. Based on this evidence, it would be difficult to declare it a good super fund.

Is HESTA Super Ethical?

An increasing number of Australian super funds offer ethical investment options to their members. Some of these include: AustralianSuper: Socially Aware investment fund. HESTA: Eco Pool investment fund.

Is HESTA a self managed super fund?

^ SMSF trustees have to create their own strategy and manage it through the inevitable market ups and downs. As a HESTA member you have access to a global, professionally managed portfolio of assets with proven long-term outperformance.

What are the statistics for the Superannuation Industry?

APRA publishes statistics on the superannuation industry on a quarterly basis. The industry performance statistics contains aggregate summaries of financial performance and position, asset allocation and key performance ratios. Statistics relating to corporate, industry, public sector and retail funds performance are also detailed.

How much does Australia spend on superannuation fees?

Excluding insurance premiums, Australians spend more than $30 billion in super fees every year, according to the 2019 Productivity Commission review into superannuation. Aussies spend big on super fees each year Investment expenses: $8.7 billion Admin & operating expenses: $10.6 billion

Which is the largest super fund in Australia?

The Silver award goes to IOOF with five Fit Cat Funds. The Bronze award goes to Australia’s largest superannuation fund, Australian Super, who manage more than $160 billion for over two million members. Australian Super had four Fit Cat Funds and takes out this award for the second year in a row. What did the top three super funds have in common?

What is the role of ASIC in the Superannuation Industry?

Risk & Regulation – with APRA updating its supervision frameworks and ASIC taking on an enhanced superannuation supervision role, the push to lift governance, culture, remuneration and accountability standards across the industry continues.