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Are the PC and RC’s pushes for transparency warranted?
In the wake of both the Productivity and Banking Royal Commissions, just how much consumers know about their superannuation funds has been in the spotlight and Super Review is researching the super industry’s perspective on this.
From the Productivity Commission’s recommendation of determining default funds by the top ten performers to the Royal Commission’s finding that the extent to which funds considering mergers factored in members’ best interests was murky at best, there has been a push for greater transparency around funds’ performance and governance practices.
Super Review is going straight to the horse’s mouth and seeking industry feedback on whether this push for greater transparency is real and if so, if it is warranted.
Please complete our survey here to help us answer these questions.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
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The profit-to-member super fund’s MySuper default option has returned 9.85 per cent for the financial year 2024–25.
Colonial First State (CFS) has announced solid double-digit returns for its MySuper balanced and growth equivalent funds during the financial year.
The super fund’s Future Saver High Growth option delivered an 11.9 per cent return for the financial year 2024–25, on the back of a diversified portfolio and actively managed investment strategy.
HESTA has delivered a 10.18 per cent return for its MySuper Balanced Growth option in the 2024–25 financial year, marking the third consecutive year of returns above 9 per cent for the $80 billion industry fund’s default investment strategy.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
