Former Ansett workers get $16m super paybackBY LINDA HAUSKEN | MONDAY, 2 JUL 2012 12:35PMA decade after the collapse of Ansett, Australia's second largest airline at the time, former workers have finally been paid $16 million in super entitlements. |
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Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
I assume that the employee superannuation entitlements, frozen 10 years ago, received a nominal compound interest rate of at least 5% pa.
If an employee had a balance of say $100,000 ten years ago, then at 5% interest, the balance would be close to $169,000 today.