Super Fund Balances Now At $1.8 trillion

APRA today released its quarterly superannuation statistics. They report that total estimated assets, which include the assets of self-managed superannuation funds and the balance of life office statutory funds, rose to $1.8 trillion at 31 December 2013.  Read about superannuation in our series of posts, The Superannuation Story.

DecSuper2Self managed superannuation rose by $11 bn, to $543.4, and represents 29% of funds, says APRA who is using data from the ATO.

DecSuper3The annual industry-wide rate of return (ROR) for entities with over $50 million in assets for the year ending 31 December 2013 was 15.1 per cent.

The industry-wide ROR for entities with over $50 million in assets for the December 2013 quarter was 3.7 per cent.

Contributions to funds with at least $50 million in assets over the December 2013 quarter were $22.7 billion. Total contributions for the year ending December 2013 were $91.5 billion, down 0.9 per cent from the previous year ($92.3 billion).

Outward rollovers exceeded inward rollovers by $50 million in the December quarter. There were $13.8 billion in total benefit payments in the December quarter. Total benefit payments for the year ending December 2013 were $53.3 billion, an increase of 7.7 per cent from the previous year ($49.4 billion).

 

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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