Great news for the Superannuation industry. Super is predicted to gain 14.1% for this year shattering the record for gains after the Global Financial Crisis for the second straight year. For the past decade, super has returned on average 7%, just nearly half of this year’s figure.
Baby boomers and retirees are expecting high returns from their superannuation because of this trend, as calculations for a $100,000 investment in 2003 would be experiencing a 95% gain at $195,265 in today’s financial situation.
Read more about this on the Smart Company website.