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APRA releases quarterly superannuation statistics for September 2014

Thursday 20 November 2014

 

14.24

The Australian Prudential Regulation Authority (APRA) today released its September 2014 Quarterly Superannuation Performance publication, which has been expanded to include 167 additional statistics. 

The additional statistics include asset allocation, selected data on MySuper and further detail on contributions that have been determined to be non-confidential.

Total estimated assets at 30 September 2014, which include the assets of self-managed superannuation funds and the balance of life office statutory funds, were $1.87 trillion. 

Contributions to funds with more than four members over the September 2014 quarter were $23.6 billion, up 7.2 per cent from the September 2013 quarter ($22.0 billion). Total contributions for the year ending September 2014 were $96.8 billion.

Outward benefit transfers exceeded inward benefit transfers by $471 million in the quarter. There were $15.1 billion in total benefit payments in the September 2014 quarter, an increase of 10.9 per cent from the September 2013 quarter ($13.7 billion). Total benefit payments for the year ending September 2014 were $57.1 billion. 

Net contribution flows (contributions plus net rollovers less benefit payments) totalled $8.0 billion in the September 2014 quarter, an increase of 9.6 per cent from the September 2013 quarter ($7.3 billion). Net contribution flows for the year ending September 2014 were $37.8 billion.

Copies of the Quarterly Superannuation Performance publication are available on APRA’s website.

The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $6 trillion in assets for Australian depositors, policyholders and superannuation fund members.