Business
Majority of super funds take a COVID-19 hit – The Australian Financial Review
About two-thirds of superannuation funds made a loss over the 12 months to June 2020, according to the latest data from the prudential regulator, raising questions…
High-profile industry funds recorded mixed results: Maritime Super and HostPlus recorded negative returns of -2.9 per cent and -2.0 per cent respectively across their funds, while AustralianSuper returned 0.2 per cent.
In the retail sector, MLC Super returned -2.9 per cent; while the Westpac Personal Superannuation Fund returned -2.8 per cent and the Westpac Mastertrust Superannuation Division returned 9.5 per cent.
Investment adviser Chris Brycki, founder of fintech Stockspot, said the results…
-
Noosa News5 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
General11 hours agoBoy dies after being trapped between rocks off NSW beach
-
Noosa News12 hours agoFarmer Fred Perry’s 30-year conservation project creates bird haven after years of ‘bashing and burning’
-
General24 hours agoUkraine says Russia has ramped up attacks despite ‘Easter truce’