Industry funds satisfying more at the top end

Original article by Roy Morgan
Market Research Update – Page: Online : 9-Apr-18

A Roy Morgan Single Source shows that in February 2018, superannuation fund members with $250,000 or more had higher satisfaction with the financial performance of their industry funds compared to those belonging to either retail funds or those with a self-managed super fund. The highest satisfaction for industry funds was for those members with balances of $700,000 or more where they scored 87.8%, well ahead of SMSFs (82.5%) and retail funds (80.2%). Meanwhile, satisfaction with the financial performance of retail funds (61.4%) was higher than industry funds (49.7%) in accounts with balances of less than $5,000. For all other balances industry funds had higher satisfaction than retail funds. Of the 15 largest funds, QSuper with a satisfaction rating of 73.3% was well ahead of second-placed Cbus (68.2%) and UniSuper (67.8%).

CORPORATES
ROY MORGAN LIMITED, QSUPER LIMITED, CONSTRUCTION AND BUILDING UNIONS’ SUPERANNUATION FUND, UNISUPER LIMITED

Leave a comment