Total superannuation assets has once again exceeded 2 trillion dollars. This level was first reached in the first quarter of 2015 before falling below it later in the year.
According to the latest APRA superannuation statistics total superannuation assets were $2,045.9 billion as at December 2015, up 6.1% since December 2014.
The fastest growing segment of superannuation is MySuper products, up 14.3% to $449.1 billion over the same period.
Total APRA-regulated superannuation, which includes MySuper, was up 7.0% to $1,265.9 billion. SMSF assets were $594.6 billion, up 5.7%.
For super funds with more than four members – excluding SMSFs – total contributions for the calendar year were $103.9 billion, up 3.4% compared to the prior year. Total benefit payments were up 10.3%, to $62.8 billion. Net contribution flow was $37.5 billion, down 4.7%.
“Lump sum benefit payments ($8.2 billion) were 52.0 per cent and pension benefit payments ($7.5 billion) were 48.0 per cent of total benefit payments in the December 2015 quarter. For the year ending December 2015, lump sum benefit payments ($31.8 billion) were 50.7 per cent and pension benefit payments ($31.0 billion) were 49.3 per cent of total benefit payments,” said APRA.
“The annual industry-wide rate of return (ROR) for entities with more than four members for the year ending December 2015 was 5.1 per cent.”
“The five year average annualised ROR to December 2015 was 7.4 per cent.”
“As at the end of the December 2015 quarter, 49.9 per cent of the $1.4 trillion investments were invested in equities; with 23.5 per cent in Australian listed equities, 21.8 per cent in international listed equities and 4.6 per cent in unlisted equities. Fixed income and cash investments accounted for 32.9 per cent of investments; 20.6 per cent in fixed income and 12.3 per cent in cash. Property and infrastructure accounted for 13.1 per cent of investments and 4.1 per cent were invested in other assets, including hedge funds and commodities. ”
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