The Wire

A new report shows that the not-for-profit superannuation sector comes out on top for those investing in the long-term, leaving the private sector lagging behind. Different superannuation types are compared over a 14 year period and the results show that public sector funds offer investors the most bang for their buck, returning an average of 6.3 percent, compared to 3.6 percent for retail funds. Industry Super Network based their report around data from the Australian Prudential Regulation Authority (APRA), but the Financial Services Council says this research is misleading.The Industry Super Network says that people would have been better off putting their money in a bank, rather than investing with a retail super fund.