It’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.
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Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com
