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Industry super funds will deliver on MySuper outcomes: Industry Super Network
The Industry Super Network (ISN) has used the latest SuperRatings performance figures to justify its claim that industry super funds are best placed to deliver on MySuper.
SuperRatings found that the median industry fund outperformed the median retail fund over rolling one, three, five, seven and 10-year periods, with an average outperformance of 2 per cent.
ISN deputy chief executive Alison McIvor said the data showed the impact that higher fees, commissions and lesser investment performance has on returns for retail fund members.
“This new data shows why the MySuper criteria needs to be as rigorous as possible,” McIvor said.
“Where people don’t actively choose their own super fund — which is many Australians — it is critical that their workplace default fund be the best possible and have a strong history of solid net investment performance,” she added.
McIvor said the data was unambiguous and showed that the industry fund model, with low fees and no commissions, has delivered superior outcomes for members.
AUTHOR
Ashleigh McIntyre
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