Industry fund returns excel

Not-for-profit superannuation funds associated with trade unions and employer associations are generating triple the returns offered by for-profit retail funds. Research commissioned by industry funds from SuperRatings and Rainmaker Information, found that over five years, the average industry fund provided about $8.60 in earnings for every dollar charged in fees, compared with the average master trust earnings of about $2.50 for every dollar in fees. Superannuation funds of all types are warming up for a tussle for members once “choice of fund” comes into force next year.