Latest APRA Statistics

Super Assets Keep Increasing

  • APRA has estimated that total superannuation assets to be $1,400 billion;
  • SMSFs hold 31.3% of superannuation assets and constitute the largest superannuation sector;
  • retail funds hold 26.6% of superannuation assets while industry funds hold 19%; and
  • public sector funds hold 15.9% while corporate funds hold 4.0%.

During the June 2012 quarter, SMSF assets increased by 0.5% while industry funds’ assets increased by 0.6%.  During the same period, retail funds’ assets decreased by 1.3% and corporate funds’ decreased by 2.0%.

Surprisingly, public sector funds’ assets increased by 1.9%.  This increase was primarily due to a very significant once off employer payment to State Super, a NSW public sector scheme.
 
Consolidation within the Super Sector

Consolidation of the APRA regulated sector continues with a 14% reduction in the number of corporate funds (from 143 to 122) and an 8% reduction in the number of industry funds (from 61 to 56) over the 12 months to 30 June 2012.   Consolidation also occurred within the retail fund sector but at a much lower rate of 1.5% reduction in the number of retail funds (from 137-135) in the same 12 month period.

The number of SMSFs in the 12 month period to 30 June 2012 increased by 8% or by 35,276 with 478,263 SMSFs at 30 June 2012.

This information is taken from the June 2012 Quarterly Superannuation Performance statistics issued by APRA (issued 23 August 2012).

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