"The proposed resources rent tax, the European sovereign debt crisis, and lack-lustre bank dividends are pounding superannuation funds' hopes of double-digit returns, The Australian Financial Review reports.
Research firm SuperRatings' research shows that since the start of May, three per cent has been wiped from an average balanced super fund.
In April, funds were looking to deliver returns of up to 13 per cent for the 2010 financial year, the paper reported."
Published in Business Spectator (6:50 AM, 20 May 2010)
