The Australian Prudential Regulation Authority (APRA) today released its September 2011 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 $25.0 billion (2.0 per cent) to $1.28 trillion over the 12 months to 30 September 2011, taking into account a decrease of $49.9 billion (-3.8 per cent) in total assets over the September quarter.
Over the September quarter, the assets of industry funds decreased by 3.2 per cent ($7.9 billion) to $241.9 billion. Public sector funds’ assets decreased by 3.6 per cent ($7.2 billion) to $195.2 billion, retail funds by 4.8 per cent ($17.8 billion) to $351.8 billion and corporate funds by 8.6 per cent ($5.1 billion) to $54.6 billion.
Contributions to funds with at least $50 million in assets over the September quarter were $20.6 billion, with employers contributing $16.3 billion and members contributing $4.2 billion. Other contributions, including spouse contributions and government co-contributions, totalled $135 million.
During the September quarter, retail funds received 33.7 per cent ($6.9 billion) of total contributions, public sector funds 32.1 per cent ($6.6 billion), industry funds 29.4 per cent ($6.1 billion) and corporate funds 4.8 per cent ($1.0 billion).
Retail funds received $2.1 billion of net rollovers and industry funds received $0.1 billion. Public sector and corporate funds recorded negative net rollovers of $0.8 billion and $3.3 billion, respectively.
The combined rate of return for the September quarter was -4.9 per cent. The rate of return for public sector funds was -4.2 per cent, industry funds -4.6 per cent, corporate funds -5.1 per cent and retail funds -5.4 per cent.
Refer to the September 2011 Quarterly Superannuation Performance Statistics publication.