Retail industry fund REST has declared double digit financial year returns for members of its Core Strategy and Pension options.
The fund's chief executive, Damien Hill, said REST had delivered 11.4 per cent for its Core Strategy and 12.8 per cent for REST Pension members.
He said this translated to a return of 5.52 per cent a year for the Core Strategy over the past five years and 7.04 per cent a year for the past 10 years.
“Slow and steady” appears to be the Reserve Bank’s approach to monetary policy as the board continues to hold on to its wait-and-see method.
AFCA’s latest data has shown a decline in complaints relating to superannuation, but there is further work to be done, it has warned super funds.
Limited exposure to fossil fuel companies has positively impacted the performance of Australian Ethical’s balanced and growth funds, the super fund says.
The major bank has announced that real-time super payments will soon be available to all QuickSuper employers ahead of the looming payday super regime.