Every year the Australian Prudential Regulatory Authority issues a report on the performance of super funds.
Please refer to: https://www.apra.gov.au/news-and-publications/apra-releases-2023-superannuation-performance-test-results
What is the Australian Prudential Regulatory Authority (APRA)?
The Australian Prudential Regulation Authority (APRA) was established 25 years ago as an independent statutory authority that supervises institutions across banking, insurance and superannuation, and is accountable to the Australian Parliament. It is part of the Australian Government.
Please refer to: https://www.apra.gov.au/about-apra
Why is this report important?
Superannuation is often the second largest asset held by Australians. Therefore Australian super performance has a large impact on the financial well being of Australians and their ability to accumulate wealth and have a comfortable retirement. It also identifies the top 10 worst performing super funds and poor performing super funds.
If your superannuation is with one of the worst performing super funds or even a poorly performing super fund, this can have a significant impact on your financial future and ability to have a comfortable retirement. The impact of poor performance due to the compounding differences in returns between super funds makes a significant difference over time.
How can Setch Group help you to assess Australian super performance?
One of the key features of Setch Group is its Investment Committee. The role of the Investment Committee is to construct investment portfolios for our clients. We evaluate a very wide range of investment products including Australian super performance over time. We act in your best interest to use compounding and diversification to benefit the performance of your superannuation and investments.
Worst performing super funds
We critically evaluate the worst performing super funds and poor performing super funds as learning tools so that we can apply our understanding as to why they have been the worst performing super funds or poorly performing super funds. This understanding is used to benefit our clients and their superannuation fund portfolios.
What is an Investment Committee?
An Investment Committee is made up of a group of highly experienced and expert investment professionals. The Investment Committee monitors markets and geographies, and uses its individual and collective understanding of investment products to construct investment portfolios tailored to clients.
At Setch, we have a highly experienced and expert investment committee to monitor and make recommendations to our clients about their investment portfolios. Our Investment Committee evaluates Australian super performance comparatively and uses qualitative and quantitative factors to construct portfolios for our clients.
Why you should know whether your super fund is one of the worst performing super funds or a poor performing super funds?
If you are in such a super fund, due to compounding you will have a less comfortable retirement. While it is usually never too late, the earlier you make wise decisions on your superannuation the better. Setch Group provides expert financial advice including investment management, so contact us today for your obligation-free consultation.