Thursday, January 10, 2013
My SMSF beats The Squid
RETIREMENT funds for staff at Goldman Sachs and the Commonwealth Bank have topped an official list of the nation's best-performing super funds, as non-profit and in-house corporate funds maintain their track record of higher returns.
In contrast, funds offered by banks and wealth managers to the general public have underperformed over the past decade, according to a snapshot of the $1.4 trillion sector.
The fund for Goldman employees enjoyed average returns of 9 per cent a year since 2004, more than any other large fund over the past nine years, the financial regulator said on Wednesday.
Read more: http://www.smh.com.au/business/bank-staff-funds-top-super-list-20130109-2cgqe.html#ixzz2HXGAKXUu