The Australian Prudential Regulation Authority (APRA) today released its September 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 $168.4 billion (13.0 per cent) to $1.46 trillion over the 12 months to 30 September 2012, taking into account an increase of $71.8 billion (5.2 per cent) in total assets over the September quarter.
Over the September quarter, the total estimated assets of industry funds increased by 5.6 per cent ($14.9 billion) to $281.1 billion, public sector funds by 4.3 per cent ($9.6 billion) to $232.3 billion, corporate funds by 4.1 per cent ($2.3 billion) to $58.1 billion and retail funds by 3.8 per cent ($14.2 billion) to $386.6 billion.
Contributions to funds with at least $50 million in assets over the September quarter were $19.6 billion, with employers contributing $15.8 billion and members contributing $3.6 billion. Other contributions, including spouse contributions and government co-contributions, totalled $121 million.
During the September quarter, public sector funds received 32.8 per cent ($6.4 billion) of total contributions, industry funds 31.8 per cent ($6.2 billion), retail funds 31.1 per cent ($6.1 billion) and corporate funds 4.4 per cent (.9 billion).
Outward rollovers exceeded inward rollovers in the September quarter. Industry funds received $1.7 billion of net rollovers. Corporate, retail and public sector funds had negative net rollovers of $447 million, $716 million and $2.6 billion, respectively.
The annual industry-wide rate of return (ROR) for quarterly reporting funds for the year ending 30 September 2012 was 9.9 per cent and the quarterly industry-wide ROR for the September 2012 quarter was 4.1 per cent. The quarterly RORs for each fund type as a whole for the September 2012 quarter were 4.4 per cent for corporate funds, 4.2 per cent for public sector funds, 4.1 per cent for industry funds and 4.1 per cent for retail funds.
Copies of the publication are available on APRA’s website.