POWERED BY MOMENTUM MEDIA
Non-profit super funds emerge winners
The Australian Institute of Superannuation Trustees (AIST) has claimed the Australian Prudential Regulation Authority's (APRA's) release of the Statistics Superannuation Fund-level Rates of Return paints not-for-profit funds as clear winners.
Public sector funds had the strongest rate of return over the 10-year period at 7 per cent, followed by industry funds at 6.7 per cent, corporate funds at 6.5 per cent and retail funds at 4.9 per cent.
"The statistics show that of the 50 funds with top 10-year fund-level rates of return, all but two are corporate, industry and public sector funds," AIST executive manager of policy and research David Haynes said.
"This shows the significant strength of the not-for-profit superannuation industry."
He added that all but six of the 50 funds with top five-year fund level rates of return were also either corporate, industry or public sector funds.
"Looking at a fund's performance over the longer term allows members to account for investment volatility and the statistics show that not-for-profit funds are outperforming their retail counterparts."
The APRA Annual Superannuation Bulletin also showed more women are serving on superannuation boards - up from 16 per cent in 2006 to 22 per cent in 2013.
Executive manager of governance Eva Scheerlinck said the not-for-profit sector was striving towards increasing the number of women on super boards but said there was a long way to go.
"We actively encourage women in the super industry through programs such as Super Springboard - a program that provides participants with technical knowledge, skills training, a dedicated mentoring program and networking opportunities."
Recommended for you
Labor’s re-election has reignited calls to strengthen Australia’s $4.2 trillion super system, with industry bodies urging swift reform amid economic and demographic shifts.
A major super fund has defended its use of private markets in a submission to ASIC, asserting that appropriate governance and information-sharing practices are present in both public and private markets.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
36.96 3 y p.a(%)
3
GAM LSA Private Shares AU I
34.22 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
VanEck Video Gaming and eSports ETF (AU)
28.89 3 y p.a(%)
