The Australian Prudential Regulation Authority (APRA) today released its September 2010 Quarterly Superannuation Performance publication. Total assets over the 12 months to 30 September 2010 rose by $93.2 billion (7.9 per cent) to a total of $1.28 trillion, which includes a rise of $55.4 billion (4.5 per cent) during the September quarter.
Over the September quarter, the assets of industry funds grew by 5.4 per cent ($12.2 billion) to $237.7 billion, public sector funds by 4.9 per cent ($8.5 billion) to $181.9 billion, corporate funds by 3.0 per cent ($1.7 billion) to $58.0 billion, and retail funds by 4.0 per cent ($13.7 billion) to $352.9 billion.
Contributions to funds with at least $50 million in assets over the September quarter were $18.4 billion, with employers contributing $14.7 billion and members contributing $3.5 billion. Other contributions, including spouse contributions and government co-contributions, totalled $143 million.
During the September quarter, retail funds received 32.4 per cent ($5.9 billion) of total contributions, industry funds 31.2 per cent ($5.7 billion), public sector funds 31.2 per cent ($5.7 billion), and corporate funds received 5.3 per cent ($1.0 billion).
The combined rate of return was 3.8 per cent for the September quarter. The rate of return for corporate funds was 4.2 per cent, for public sector funds 3.9 per cent, industry funds 3.8 per cent, and retail funds returned 3.7 per cent.
Refer to the September 2010 Quarterly Superannuation Performance publication.