Superannuation funds in Australia have delivered a return of 10.5 per cent for 2017 – the first double-digit growth since 2013.
According to recent findings, there was a 1.3 per cent rise in November 2017 and 0.6 per cent rise in December 2017 alone.
The new figures mark the sixth consecutive year of positive returns for super funds.
Super fund returns overtook returns in the property market, as property returns weighed in at 9.1 per cent last year.
Investors should review their super fund’s performance at the start of the new year and make sure it is delivering value for money outcomes.
Although the returns provide a degree of confidence for investors, it is important to remember that markets are volatile and having a long-term investment strategy in place is vital.