The Australian Prudential Regulation Authority (APRA) today released its June 2013 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 $217.2 billion (15.5 per cent) to $1.62 trillion over the 12 months to 30 June 2013. The increase in total assets over the June 2013 quarter was $35.1 billion (2.2 per cent).
Over the June 2013 quarter, the total estimated assets of public sector funds increased by 3.9 per cent ($9.6 billion) to $256.8 billion, industry funds increased by 3.8 per cent ($11.8 billion) to $323.2 billion, corporate funds increased by 2.2 per cent ($1.3 billion) to $61.7 billion and retail funds increased by 1.8 per cent ($7.4 billion) to $422.4 billion.
Contributions to funds with at least $50 million in assets over the June 2013 quarter were $25.9 billion. This was an increase of 24.6 per cent ($5.1 billion) compared to the March 2013 quarter. Employers contributed $19.6 billion, an increase of 16.3 per cent ($2.8 billion) compared to the March 2013 quarter. Members contributed $6.1 billion, an increase of 62.4 per cent ($2.4 billion) compared to the March 2013 quarter. Other contributions, including spouse contributions and government co-contributions, totalled $130 million in the June 2013 quarter, a decrease of 1.5 per cent ($2 million) compared to the March 2013 quarter.
During the June quarter, retail funds received 34.4 per cent ($8.9 billion) of total contributions, industry funds 32.9 per cent ($8.5 billion), public sector funds 29.2 per cent ($7.6 billion) and corporate funds 3.5 per cent (.9 billion).
Outward rollovers exceeded inward rollovers in the June quarter. Retail, industry, corporate and public sector funds had net outward rollovers of $145 million, $347 million, $627 million and $659 million, respectively.
The annual industry-wide rate of return (ROR) for quarterly reporting funds for the year ending 30 June 2013 was 13.9 per cent.
Copies of the Quarterly superannuation statistics are available on APRA’s website.