Superannuation producing 'worst five-year returns we've ever seen'

AUSTRALIAN superannuation funds have reported the worst five-year returns since the introduction of compulsory super contributions in 1992. 
 
Superannuation fund analyst Superratings' figures show that annual returns for the median "balanced" super fund sector, which accounts for about 80 per cent of Australia's $1.3 trillion super industry, averaged just 0.92 per cent a year for each of the past five years.

Once inflation is taken into account, the purchasing power of those savings has fallen by 2 per cent a year.   More Read