Advertisement
Australia markets closed
  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     
  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     
  • AUD/USD

    0.6417
    -0.0008 (-0.13%)
     
  • OIL

    83.17
    +0.44 (+0.53%)
     
  • GOLD

    2,410.10
    +12.10 (+0.50%)
     
  • Bitcoin AUD

    100,071.40
    +1,758.89 (+1.79%)
     
  • CMC Crypto 200

    1,382.03
    +69.41 (+5.29%)
     
  • AUD/EUR

    0.6022
    -0.0008 (-0.14%)
     
  • AUD/NZD

    1.0899
    +0.0024 (+0.22%)
     
  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     
  • NASDAQ

    17,019.36
    -374.96 (-2.16%)
     
  • FTSE

    7,895.85
    +18.80 (+0.24%)
     
  • Dow Jones

    37,920.78
    +145.40 (+0.38%)
     
  • DAX

    17,737.36
    -100.04 (-0.56%)
     
  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

These are the 6 best-performing super funds based on 7-year returns

Don’t stick with an under-performing super fund if you don’t have to. <em>(Photo: Getty)</em>
Don’t stick with an under-performing super fund if you don’t have to. (Photo: Getty)

The Productivity Commission’s recommendation to create a shortlist of 10 ‘best-in-show’ super funds and wind down under-performing funds has triggered controversy in the superannuation sector.

At the same time, millions of Aussies have never been so willing to consider alternative financial institutions, thanks to the shady industry practices uncovered by the banking Royal Commission.

The enquiry has woken up a lot of Aussies to the fact that they could be missing out on hundreds of thousands of dollars by retirement if they stick with a high-fee or an under-performing super fund.

Financial comparison site Canstar has put together a list of the top-performing super funds in their database. These are the high achievers based on performance across seven years:

<em>Source: Canstar</em>
Source: Canstar

Disclaimer: Yahoo Finance does not endorse any financial products and maintains editorial independence. Please note that past performance does not guarantee future returns.

ADVERTISEMENT

Make your money work with Yahoo Finance’s daily newsletter. Sign up here and stay on top of the latest money, news and tech news.

Read next: How young Aussies are being tricked into handing over THOUSANDS over Facebook

Read next: Facebook and Whatsapp can’t be deleted from many smartphones

Read next: This is the science behind why you’re more productive when you work at a cafe