Business
Industry super funds now control $163 billion more than retail super funds, setting a new record – ABC News
Industry super funds now hold assets worth $163 billion more than retail super funds, setting a new record, as the political argument about superannuation heats…
Industry super funds have increased the value of their asset holdings to $761 billion, extending their lead over retail super funds by $163 billion, a new Australian record.
Key points:
- Industry super funds hold assets worth $761 billion, and retail funds $598 billion
- Super funds’ asset holdings have almost recovered from the summer’s bushfires and pandemic
- Industry finds are not-for-profit while retail funds return profits to their shareholders
Retail super funds control assets worth $598 billion,…
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