What is the main goal of superannuation funds?

The main goal of superannuation funds is to maximize returns on investments. Superannuation, often referred to as "super," is a financial savings arrangement designed to accumulate funds for individuals' retirement. The primary objective of superannuation funds is to ensure that individuals have sufficient savings that can generate adequate income during their retirement years.

To achieve this, superannuation funds typically invest in a diversified portfolio that may include equities, bonds, real estate, and other assets. The focus is on growing the capital over the long term through prudent investment strategies that aim to provide the highest possible returns while managing risk appropriately. Maximizing returns ensures that members of the fund are adequately prepared for retirement, making it a critical goal of superannuation funds.

Alternative options like providing life insurance coverage, offering loans to businesses, or underwriting share issues do not align with the primary intent of superannuation, which fundamentally revolves around retirement savings and investment growth.