Opinion
Don’t switch super funds until reckoning in unlisted assets is over
Industry fund executives regularly boasted about capitalising on the so-called “illiquidity premium”, but the world has changed.
Joanna MatherWealth editorIt’s been a long time since retail superannuation funds have been able to stick it to industry funds on anything, let alone returns.
But old-school wealth managers such as AMP and Colonial First State have this year declared returns for customers in their MySuper products north of 11 per cent, while the king of industry funds, AustralianSuper with $335 billion, delivered a more modest 8.5 per cent.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles