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%.
Dont worry Frank, I'm sure the cost of this investigation and action will be incorporated into our annual levy. #GoGetThemTiger
ASIC couldn't be bothered scrutinising the misleading names of their investment options? Eg. Balanced fund but over 90% invested into…
I'm just curious - would the cost of ASIC pursuing this be greater than what is being paid?
Hi ASIC, please clarify exactly how much time, effort and resources were used for this investigation and infringement notices ?…
Any fines only come from members funds, or investment earnings reserves. It actually NEVER costs Industry Super anything directly.