Super savings hurt by financial markets

Posted by Simon Dehne on March 21, 2016 in Latest News with No Comments

piggy_bank_retirementGlobal financial market jitters continue to drag on superannuation savings in Australia.

Market falls wiped 0.5 per cent off the average balanced super fund in February – the fifth month of falls in the 2016 financial year, according to superannuation research company SuperRatings.

The average balanced super fund – which is mostly made up of local and international equities, property and infrastructure, and a mix of fixed interest and cash – is down 1.6 per cent since the start of the financial year.

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