The Australian Prudential Regulation Authority (APRA) today released its June 2012 Quarterly Superannuation Performance publication.
Total estimated assets, which includes the assets of self-managed superannuation funds and the balance of life office statutory funds, rose by $49.6 billion (3.7 per cent) to $1.40 trillion over the 12 months to 30 June 2012, taking into account an increase of $3.8 billion (0.3 per cent) in total assets over the June quarter.
Over the June quarter, the total estimated assets of public sector funds’ assets increased by 1.9 per cent ($4.1 billion) to $222.2 billion, industry funds increased by 0.6 per cent ($1.5 billion) to $266.0 billion, retail funds’ assets decreased by 1.3 per cent ($4.7 billion) to $372.1 billion and corporate funds’ assets decreased by 2.0 per cent ($1.1 billion) to $55.8 billion.
Contributions to funds with at least $50 million in assets over the June quarter were $29.9 billion, with employers contributing $24.2 billion and members contributing $5.6 billion. Other contributions, including spouse contributions and government co-contributions, totalled $141 million.
During the June quarter, public sector funds received 38.2 per cent ($11.4 billion) of total contributions, retail funds 30.9 per cent ($9.2 billion), industry funds 27.5 per cent ($8.2 billion) and corporate funds 3.4 per cent ($1.0 billion).
Outward rollovers exceeded inward rollovers in the June quarter. Industry funds received $151 million of net rollovers. Corporate, public sector and retail funds had negative net rollovers of $477 million, $728 million and $762 million, respectively.
The annual industry-wide Rate of Return (ROR) for quarterly reporting funds for the year ending 30 June 2012 was 0.4 per cent. The quarterly industry-wide ROR for the June 2012 quarter was -1.4 per cent. The quarterly RORs for each fund type as a whole for the June 2012 quarter were -0.9 per cent for public sector funds, -1.2 per cent for industry funds, -1.5 per cent for corporate funds and -1.8 per cent for retail funds.
Copies of the publication are available on APRA’s website.