Australia’s best and WORST performing super funds are laid bare in sobering new list – as almost all of them make a loss
- Super funds typically lost 4.8 per cent in 2022
- SuperRatings revealed worst year since GFC in 2008
- Among 20 best performers, 18 of them made a loss
Almost all of Australia’s best performing super funds made a loss in 2022 as retirement savings suffered their worst year since the Global Financial Crisis.
Research group SuperRatings has revealed the median, growth-orientated balanced fund lost 4.8 per cent in 2022 as the Reserve Bank of Australia raised interest rates eight times.
This was the worst year since the GFC in 2008 when superannuation balances plunged by 19.7 per cent.
It was only the fourth year…
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