SMSF establishments recovered from recent lows in September 2019 quarter

Following several quarters of the lowest number of SMSFs being established in years, the September 2019 quarter had the strongest growth in SMSFs since 2018. The number of SMSFs being started has been declining in recent years. Some periods – particularly the June quarters – have shown relatively strong growth, though these have coincided with… Continue reading SMSF establishments recovered from recent lows in September 2019 quarter

Total superannuation closing in on $3 trillion in assets

Total assets within superannuation is closing in on the $3 trillion mark. The latest statistics from APRA have over $2.927 trillion in superannuation as at the end of September 2019. Superannuation assets increased by 7.1% over the 12 months to the end of September 2019, though this was uneven across the industry. Industry funds increased… Continue reading Total superannuation closing in on $3 trillion in assets

Decline in number of SMSFs being started may have stopped

The number of new SMSFs being set up may have stopped falling, with 4,486 SMSFs established in the June 2019 quarter, the latest ATO statistics reveal. The establishment of SMSFs has been, generally, falling for some time. But this may have stopped, or at least paused, in the June 2019 quarter. The latest ATO statistics… Continue reading Decline in number of SMSFs being started may have stopped

Industry fund assets closing in on SMSFs, pull away from retail funds

Industry super funds continue to pull ahead of retail funds in terms of assets, and are closing in on SMSFs. Industry super fund assets grew by 13.83% during 2018/19, according to the latest APRA statistics. Retail funds were up a slight 0.51%. SMSFs grew by 1.66% and corporate funds were up 10.50%. A large proportion… Continue reading Industry fund assets closing in on SMSFs, pull away from retail funds

Spike in balances used to start SMSFs evidence of quality advice: SMSFA

A spike in the balances used to start SMSFs is evidence of trustees receiving quality advice, argues the SMSF Association. The SMSF sector is performing well and there is a positive outlook for future growth and strong performance, an analysis by the SMSF Association of the ATO’s 2016/17 SMSF statistics – the most recent year… Continue reading Spike in balances used to start SMSFs evidence of quality advice: SMSFA

Super funds could own half the ASX in 10 years’ time

Superannuation funds could own more than half the ASX in 10 years, according to Rainmaker Information. Super funds currently own around 39% of the ASX, or around $700 billion in shares. Rainmaker finds that this has been growing roughly by one percentage point a year, estimating that super funds could hold 50% in 10 years… Continue reading Super funds could own half the ASX in 10 years’ time

ATO statistics contain “positive story” for SMSFs: SMSF Association

The SMSF Association says new superannuation statistics from the ATO “tell a positive story” about the SMSF sector. The ATO has recently released its statistical overview of SMSFs for 2016/17, based on SMSF Annual Returns, registrations and auditor reports. SMSF Association CEO John Maroney said: “These statistics reveal an SMSF sector that has not only… Continue reading ATO statistics contain “positive story” for SMSFs: SMSF Association

Class breaks down SMSF establishment facts

New analysis by Class Ltd has revealed some facts about SMSF establishment, including on average balances and diversification. Related: Fewer than 4,000 SMSFs started in March 2019 quarter Single member funds have highest average member balance Though the average fund balance generally increases with the number of members (there is a slight declined from 3… Continue reading Class breaks down SMSF establishment facts

Fewer than 4,000 SMSFs started in March 2019 quarter

Only 3,964 SMSFs were established in the March 2019 quarter, according to the latest ATO statistics, continuing a trend of slower growth in the number of SMSFs. This is the lowest number of SMSFs established in a quarter since at least 2008. December 2018 was the previously lowest quarter, with 4,762 SMSFs started (after revision).… Continue reading Fewer than 4,000 SMSFs started in March 2019 quarter

Number of SMSFs established reaches new low at end of 2018

The number of SMSFs being started has continued to shrink in the December 2018 quarter, with only 4,296 funds started according to the latest ATO statistics. 4,296 is the lowest number of new SMSFs started in any quarter since at least March 2008. The December 2017 quarter had 6,249 SMSFs started. Currently the ATO only… Continue reading Number of SMSFs established reaches new low at end of 2018