POWERED BY MOMENTUM MEDIA
Consider industry
Employers can have a decisive impact on the retirement incomes of their employees through their choice of default superannuation funds, according to .
Utilising ongoing research into the relative performance of superannuation funds, Industry Fund Network spokesman said the reality was that the choice of default fund by employers was a crucial determinant in where millions of workers’ superannuation was saved.
He said for these reasons, employers needed to consider an industry fund when choosing the default superannuation fund for their organisation.
Weaven said the industry funds movement would be highlighting the important role played by employers, and arguing those employers that did not nominate an industry fund risked their employees missing out on tens of thousands of dollars worth of retirement income.
AUTHOR
Mike Taylor
Recommended for you
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month.
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super funds to better engage with members on their retirement journey.
The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity.
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been welcomed by the superannuation industry.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
59.27 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
32.82 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
32.44 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.01 3 y p.a(%)
Add new comment