Australian super funds approach $2 trillion

22 November 2015

The Australian Prudential Regulation Authority released the September 2015 quarter statistics for Australian superannuation funds showing that the total assets held is set to burst through the $2 trillion mark very soon.

At the end of the September quarter total superannuation fund assets was $1.994 Billion, an increase of 6.5% since the end of the June quarter. Self-Managed Superannuation Fund assets increased 3.8% over the quarter to $576 billion.

APRA also released an article focusing on the transition to default ‘My Super’ products that showed a strong 15.4% increase during the quarter.

Total benefit payments during the quarter were $62.1 billion, a quarterly increase of 12.1%.

Quarterly Superannuation Performance:
www.apra.gov.au/Super/Publications/Pages/quarterly-superannuation-performance.aspx

Quarterly MySuper Statistics:
www.apra.gov.au/Super/Publications/Pages/Quarterly-MySuper-statistics.aspx