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Super members have good reason to be optimistic about what 2020 might deliver to their balances but they can’t expect the same double digit returns as last year, a research house says.

SuperRatings says 2019 was the best year for superannuation funds since 2013, with the median balanced option returning 13.8 per cent.

Despite a sell off in Australian shares in December, funds entered the new year in a strong position as markets shrugged off a string of negative economic news and rising geopolitical tension, it said.

However, funds are already battling the new normal of lower yields and returns, which will make a repeat of 2019’s results unlikely in 2020.