Powered by MOMENTUM MEDIA
subscribe to our newsletter sign up

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

APRA releases non-SMSF super results

APRA, Australian Prudential Regulation Authority, Prudential regulator, superannuation, Australia, Australian superannuation, retirement income, retail super, industry super

The Australian Prudential Regulation Authority has released its latest quarterly data on Australian superannuation funds with more than four members, with the average annualised rate of return sitting in double figures.

The average rate of return for a super fund with more than four members was 10.5 per cent at the end of March 2017 and the five-year annualised average rate of return was 8.6 per cent, APRA said.

The total assets in these funds also increased, up 11.2 per cent during the 12 months from March 2016 to March 2017, the regulator revealed.

In the March quarter 2017 alone, total assets grew 2.4 per cent, bringing the total assets in funds with more than four members to $1.5 trillion.

Advertisement
Advertisement

APRA’s findings showed 50.2 per cent of this $1.5 trillion was invested in equities, 23.6 per cent in Australian listed equities and 22.6 per cent in international listed equities.

Fixed income and cash were the second biggest asset class by volume, accounting for 32.6 per cent of investments held by funds with more than four people, followed by property and infrastructure at 13.3 per cent.

The March quarter 2017 also saw the volume of contributions grow to $26.9 billion, 12.3 per cent higher than that seen in the same quarter of the previous year.

APRA releases non-SMSF super results
APRA, Australian Prudential Regulation Authority, Prudential regulator, superannuation, Australia, Australian superannuation, retirement income, retail super, industry super
nestegg logo
subscribe to our newsletter sign up
FROM THE WEB
Recommended by Spike Native Network
Anonymous - This is all identity politics rubbish. Inasmuch as most families are dual income earners and as most women are not in high paying jobs for a variety.......
Margaret - Happy that I won't be around in 2060....
Anonymous - This "analysis" is misconceived and should get a fail in statistics. Men pay more tax because they work more. So they should get more relief. And,.......
Anonymous - I'm not sure how the ATO can declare there is an "$8.7 Billion hole" without already being able to confirm that all these claims are illegitimate?

Is.......