The Australian Prudential Regulation Authority (APRA) today released its September 2014 Quarterly Superannuation Performance publication, which has been expanded to include 167 additional statistics.
The additional statistics include asset allocation, selected data on MySuper and further detail on contributions that have been determined to be non-confidential.
Total estimated assets at 30 September 2014, which include the assets of self-managed superannuation funds and the balance of life office statutory funds, were $1.87 trillion.
Contributions to funds with more than four members over the September 2014 quarter were $23.6 billion, up 7.2 per cent from the September 2013 quarter ($22.0 billion). Total contributions for the year ending September 2014 were $96.8 billion.
Outward benefit transfers exceeded inward benefit transfers by $471 million in the quarter. There were $15.1 billion in total benefit payments in the September 2014 quarter, an increase of 10.9 per cent from the September 2013 quarter ($13.7 billion). Total benefit payments for the year ending September 2014 were $57.1 billion.
Net contribution flows (contributions plus net rollovers less benefit payments) totalled $8.0 billion in the September 2014 quarter, an increase of 9.6 per cent from the September 2013 quarter ($7.3 billion). Net contribution flows for the year ending September 2014 were $37.8 billion.
Copies of the publication are available on APRA’s website at:
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the Australian financial services industry. It oversees Australia’s banks, credit unions, building societies, life and general insurance companies and reinsurance companies, friendly societies and most of the superannuation industry. APRA is funded largely by the industries that it supervises. It was established on 1 July 1998. APRA currently supervises institutions holding $4.9 trillion in assets for Australian depositors, policyholders and superannuation fund members.
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