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APRA releases superannuation statistics for June 2016

Tuesday 23 August 2016

 

16.29

The Australian Prudential Regulation Authority (APRA) today released its Quarterly Superannuation Performance publication and the Quarterly MySuper Statistics report for the June quarter 2016.

Key statistics for the superannuation industry as at 30 June 2016: 

  June 2015 June 2016 Change
Total superannuation assets $2,036.9 billion $2,109.9 billion +3.6%
Total APRA-regulated assets $1,246.2 billion $1,301.3 billion +4.4%

Of which: total assets in MySuper products

$428.4 billion $474.9 billion +10.9%
Total self-managed super fund assets $603.4 billion $621.7 billion +3.0%
Exempt public sector superannuation schemes assets $131.1 billion $132.1 billion +0.8%
Balance of life office statutory fund assets $56.1 billion $54.8 billion -2.3%

Key statistics for entities with more than four members for the year ended 30 June 2016:

  June 2015 June 2016 Change
Total contributions $104.1 billion $103.8 billion -0.3%
Total benefit payments $61.0 billion $64.8 billion +6.2%
Net contribution flows $39.5 billion $34.0 billion -13.9%

APRA also released a selected feature ‘Pension membership profile’ to supplement the June 2015 edition of the Annual Superannuation Bulletin. This feature contains new pension statistics about account-based pensions, allocated pensions, annuities, other pension benefits and transition to retirement pensions.

Copies of the publications are available at:

Statistics

Media enquiries

Contact APRA Media Unit, on +61 2 9210 3636

All other enquiries

For more information contact APRA on 1300 558 849.

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 $6.5 trillion in assets for Australian depositors, policyholders and superannuation fund members.