You are no doubt aware that balanced superannuation funds showed their largest monthly loss in June since superannuation became compulsory in 1992. Balanced funds lost, on average, 6.39% in June. The average being what it is, some did better, some did worse. The question now is whether a year’s worth of negative super returns will lead more people to explore the option of a self managed superannuation. There are already 378,000 self managed superannuation funds in Australia with 730,000 members.
August 4th, 2008 | Dan Denning | 16 comments | Continued

