He said a second year of double-digit returns, no negative changes to the superannuation framework and improved economic conditions in Europe and the US have converged to make a very strong year for contributions. "We are now seeing the positive impact of stability and certainty in superannuation," he said.
According to Financial Services Council chief economist James Bond, and based on Australian Prudential Regulation Authority data, this was 7. 4 per cent higher than the previous year.
Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.
The increase in compulsory superannuation contributions from nine to 9. 25 per cent on July 1, 2013 has also impacted growth in the past 12 months.
Read more here: Business Spectator