The Australian Prudential Regulation Authority (APRA) today released its June 2011 Quarterly Superannuation Performance publication.
Total estimated assets over the 12 months to 30 June 2011, which includes the assets of self-managed superannuation funds and balances of life office statutory funds, rose by $131.5 billion (10.9 per cent) to $1.34 trillion. There was no change in total assets over the June quarter.
Over the June quarter, the assets of public sector funds increased by 5.7 per cent ($11.0 billion) to $202.9 billion. Retail funds’ assets decreased by 0.1 per cent ($0.4 billion) to $369.0 billion, industry funds by 2.9 per cent ($7.6 billion) to $249.7 billion and corporate funds by 4.2 per cent ($2.7 billion) to $60.0 billion.
Contributions to funds with at least $50 million in assets over the June quarter were $23.8 billion, with employers contributing $17.9 billion and members contributing $5.8 billion. Other contributions, including spouse contributions and government co-contributions, totalled $164 million.
During the June quarter, retail funds received 37.8 per cent ($9.0 billion) of total contributions, industry funds 33.7 per cent ($8.0 billion), public sector funds 24.1 per cent ($5.8 billion) and corporate funds 4.4 per cent ($1.1 billion).
Public sector funds received $9.5 billion of net rollovers and retail funds received $1.5 billion. Corporate and industry funds recorded negative net rollovers of $2.4 billion and $9.4 billion, respectively.
The combined rate of return for the June quarter was -0.9 per cent. The rate of return for public sector funds was -0.2 per cent, industry funds -0.6 per cent, corporate funds -0.7 per cent and retail funds -1.5 per cent.
Refer to the June 2011 Quarterly Superannuation Performance publication.