Market volatility shreds nearly nine per cent of superannuation | Sky News Australia

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

Nearly nine per cent of superannuation savings were shredded in March as the coronavirus wreaked havoc on the share market.

Research from SuperRatings also found the average median growth fund fell 10 per cent in the first quarter.

SuperRatings warned people against accessing their super funds during the crisis, claiming withdrawing money could potentially lock in further financial losses Image: Getty

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in BUSÄ°NESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

that money went somewhere

They will be unshredded. Markets always come back.

Business Business Latest News, Business Business Headlines