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How much your super fund is expected to grow this financial year

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Major superannuation funds are tipped to deliver a better than expected 9 per cent return on the retirement savings of 15 million Australians when the financial year ends next week, new data reveals.

Resilient equity markets were the primary driver for the strong result that is on par with the previous year, despite fears geopolitical ructions and lingering inflation would drag down performance.

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Hannah Wootton is a reporter for the Financial Review. Connect with Hannah on Twitter. Email Hannah at hannah.wootton@afr.com

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    Original URL: https://www.afr.com/wealth/superannuation/super-funds-beat-inflation-fears-to-return-9pc-for-financial-year-20240620-p5jnee