Australian politics, society & culture

Super Funds' Losses Among Worst In World

Wednesday, 13 June 2012 - 12:21am
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General Content Item: Middle Column

"Australia's superannuation funds have lost a greater share of their members' funds since the global financial crisis than any other pension system in the advanced world, with the exception of Iceland. Since the end of 2007, Australia's superannuation funds have been losing an average of 4.5 per cent a year, much worse than the advanced country average of 1.6 per cent."