Super fund returns halved

Sharemarket problems over the past few months could see superannuation funds deliver their lowest returns for the last five years. Research from SuperRatings shows that the median return for a balanced investment fund will be around 7 per cent which is half the result achieved for the previous three years. The Australian sharemarket has shed 3 per cent of its value in the last month and could fall further with no end to the global liquidity crisis in sight yet.