Retail super funds suck

For chatting about non-political topics.

Hot topic: The perils of exercise, Lapidary, food, gardening, brewing & Gallipoli/Anzac Day.

Special feature: WWIi Operation Manna/Chowhound.

Open to guest posting.

Moderator: johnsmith

Forum rules
The rules for this board are in the Charter of Moderation. Off Topic is for fairly serious discussion of things other than politics and current affair.

Retail super funds suck

Postby johnsmith » 20 Jul 2018, 08:41

Bank-run super customers left behind, no retail funds make the 'top 10'

Not one bank-run retail superannuation fund has made it into the "top 10" list of funds — whether it be across one or 10 years.

The top performers are all industry-run growth funds, according to the latest report from superannuation research house Chant West.

Industry super funds also outperformed retail funds across every time period.

In one month, industry funds returned 1.5 per cent, versus 1.1 per cent for retail funds.

Across three years industry funds returned 9.7 per cent per annum, compared to retail's 8.5 per cent.

Taking a longer term view, over 15 years industry funds returned 8.1 per cent per annum, while retail gained 7.2 per cent each year.

Unlike industry funds, banks and insurance companies use their superannuation funds to generate corporate profits. These profits are returned as dividends to shareholders, rather than retained by superannuation policyholders.

The nation's largest banks run many of the big retail funds, such as BT Super (Westpac) and MLC (National Australia Bank)

I don't understand why anyone is silly enough to still use retail funds. Industry funds have been outperforming them for decades.
I hope that bitch who was running their brothels for them gets raped with a cactus.
User avatar
Posts: 7772
Joined: 25 Sep 2017, 22:39
spamone: Animal

Return to Off Topic

Who is online

Users browsing this forum: No registered users and 2 guests