Business
Aussies in these super funds are losing $13k: Is this you? – Yahoo Finance Australia
New analysis shows how much a small difference in returns can lead to thousands of dollars lost.
How does your super stack up? Image: Getty
Australians in poor performing superannuation funds are losing as much as $13,000 over five years, new analysis has shown.
Retail funds underperformed profit-to-member funds by an average 23 per cent, the latest data from the Australian Prudential Regulation Authority revealed this week.
Profit-to-member funds, which include industry, corporate and public sector funds, returned an average 7 per cent per annum over the last five years, while retail funds…
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