Super returns defy the critics
The value of superannuation as an investment vehicle has been reinforced by the latest (September quarter) superannuation data released by the Australian Prudential Regulation Authority (APRA) revealing strong investment performance.
The data revealed overall investment performance to the end of September was 16.7%, representing a strong increase on the rate of return (ROR) for the prior period of minus 1.1%.
The five-year average rate of return was 7.8%.
The APRA data also confirms the degree to which superannuation fund investment allocations have changed, with international equities now representing a higher proportion than domestic equities.
“Over the September 2021 quarter, total assets increased by 2.4% (or $58.2 billion), nearing $2.5 trillion,” the APRA analysis said.
“With over $2.2 trillion in investments, 55% were invested in equities (23% in Australian listed equities; 28% in international listed equities.”
“Fixed income and cash investments accounted for 28% of investments (18%per in fixed income and 10% in cash). Property and infrastructure accounted for 14% of investments whilst other assets, including hedge funds and commodities, accounted for 3%.
Meanwhile, financial advisers are fully accountable for tax outcomes relating to advice and still cannot access the ATO portal. Accountability…
PJ is usually too busy organising his next conference to attend, or sending by accidental emails to members, .or even…
Unless I’m misinterpreting this this ‘bonus’ is just giving the member what they technically already own as I’m assuming this…
Let’s see the new AIOFP white label platform real soon. As long as it’s price competitive and works, with no…
YES! you idiots. Of course it should. Then can we sue the government for forcing the closure of small /…