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Super slumps on sharemarket meltdown
News.com.au -
07/04
Superannuation members would have seen their balances slump on Monday, but have been urged to stick with the long-term plan as experts declare the market wipe-out a bump in the road for most people.
Superannuation members would have seen their balances slump on Monday, but have been urged to stick with the long-term plan as experts declare the market wipe-out a bump in the road for most people.
The ASX 200 plummeted 461.40 points or 6.02 per cent to 7,206.40 on the opening bell on Monday.
It subsequently bounced by 2pm, although it was still trading down 313.20 points or 4.08 per cent to 7,354.60.
This would have seen thousands wiped off super accounts with... [Short citation of 8% of the original article]
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