The Australian Prudential Regulation Authority (APRA) today released its December 2012 Quarterly Superannuation Performance publication.
Total estimated assets, which include the assets of self-managed superannuation funds and the balance of life office statutory funds, rose by $192.2 billion (14.6 per cent) to $1.51 trillion over the 12 months to 31 December 2012, taking into account an increase of $47.1 billion (3.2 per cent) in total assets over the December quarter.
Over the December quarter, the total estimated assets of industry funds increased by 4.8 per cent ($13.5 billion) to $294.7 billion, retail funds by 3.2 per cent ($12.3 billion) to $398.1 billion and public sector funds by 2.0 per cent ($4.6 billion) to $236.9 billion. Total assets of corporate funds decreased by 0.9 per cent (.5 billion) to $57.8 billion.
Contributions to funds with at least $50 million in assets over the December quarter were $21.9 billion, with employers contributing $17.9 billion and members contributing $3.6 billion. Other contributions, including spouse contributions and government co-contributions, totalled $357 million.
During the December quarter, public sector funds received 34.1 per cent ($7.5 billion) of total contributions, industry funds 31.7 per cent ($6.9 billion), retail funds 29.9 per cent ($6.6 billion) and corporate funds 4.3 per cent (.9 billion).
Outward rollovers exceeded inward rollovers in the December quarter. Industry funds received $1.7 billion of net rollovers. Retail, public sector and corporate funds had negative net rollovers of $488 million, $648 million and $2.7 billion, respectively.
The annual industry-wide rate of return (ROR) for quarterly reporting funds for the year ending 31 December 2012 was 11.5 per cent. The quarterly industry-wide ROR for quarterly reporting funds for the December 2012 quarter was 3.2 per cent. The quarterly RORs for each fund type as a whole for the December 2012 quarter were 3.4 per cent for industry funds, 3.3 per cent for corporate and retail funds and 2.7 per cent for public sector funds.
Copies of the publication are available on APRA’s website.