The Australian Prudential Regulation Authority (APRA) today released its December 2011 Quarterly Superannuation Performance publication.
Total estimated superannuation assets, which includes the assets of self-managed superannuation funds and the balance of life office statutory funds, rose by $15.8 billion (1.2 per cent) to $1.31 trillion over the 12 months to 31 December 2011, taking into account an increase of $23.8 billion (1.9 per cent) in total assets over the December quarter.
Over the December quarter, the assets of public sector funds increased by 2.1 per cent ($4.3 billion) to $205.2 billion. Industry funds’ assets increased by 2.0 per cent ($4.8 billion) to $246.7 billion and retail funds by 1.6 per cent ($5.7 billion) to $358.1 billion, while corporate funds’ assets decreased by 0.7 per cent (.4 billion) to $53.5 billion.
Contributions to funds with at least $50 million in assets over the December quarter were $20.6 billion, with employers contributing $17.0 billion and members contributing $3.2 billion. Other contributions, including spouse contributions and government co-contributions, totalled $347 million.
During the December quarter, industry funds received 32.1 per cent ($6.6 billion) of total contributions, public sector funds 31.8 per cent ($6.5 billion), retail funds 31.3 per cent ($6.4 billion) and corporate funds 4.8 per cent ($1.0 billion).
Industry funds received .1 billion of net rollovers. Retail, public sector and corporate funds recorded negative net rollovers of .2 billion, .4 billion and .9 billion, respectively.
The combined rate of return for the December quarter was 1.7 per cent. The rate of return for corporate funds was 2.2 per cent, public sector funds 2.1 per cent, retail funds 1.5 per cent and industry funds 1.5 per cent.
Copies of the publication are available on APRA’s website.