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Superannuation fund losses no need for concern,
top finance experts claim

Australians have been urged to remain calm as superannuation funds are expected to take their biggest hit since the Global Financial Crisis.

Superannuation funds are set to plunge this financial year making it only the fifth time in three decades that losses have been recorded.

The downturn is blamed on a massive fall in the Australian stock market with about $270 billion wiped off the ASX.

Independent financial advisor Nick Bruining reassured workers and retirees that their superannuation would bounce back over time.


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