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The New Daily
The New Daily
Lifestyle
Rod Myer

Superannuation balances fell last financial year. Here’s what you need to know

David Bassanese Chant West Mano Mohankumar Australia Pandemic
Plunging sharemarkets pushed down superannuation returns this year. Photo: AAP

Superannuation funds likely delivered their worst performance since the global financial crisis over the year to June 30.

Figures from research house Chant West show the median growth fund delivered a return of -3.9 per cent last financial year.

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