14.10

The Australian Prudential Regulation Authority (APRA) today released its March 2014 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 to $1.84 trillion at 31 March 2014.

Contributions to funds with at least $50 million in assets over the March 2014 quarter were $22.7 billion, up 9.1 per cent from the March 2013 quarter ($20.8 billion). Total contributions for the year ending March 2014 were $93.5 billion.

Outward rollovers exceeded inward rollovers by $466 million in the quarter. There were $13.4 billion in total benefit payments in the March 2014 quarter, an increase of 10.3 per cent from the March 2013 quarter ($12.1 billion). Total benefit payments for the year ending March 2014 were $54.6 billion.

Net contribution flows (contributions plus net rollovers less benefit payments) totalled $8.8 billion in the March 2014 quarter, an increase of 22.1 per cent from the March 2013 quarter ($7.2 billion). Net contribution flows for the year ending March 2014 were $35.7 billion.

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