The Australian Prudential Regulation Authority (APRA) has released its Quarterly Superannuation Performance publication and the Quarterly MySuper Statistics report for the March 2020 quarter.
Key statistics for the superannuation industry as at 31 March 2020:
Total superannuation assets
Total APRA-regulated assets
Of which: total assets in MySuper products
Total self-managed super fund assets
Exempt public sector superannuation schemes assets
Balance of life office statutory fund assets
Over the March 2020 quarter, there was a decrease of 7.7 per cent in total superannuation assets, comprising a decrease of 7.4 per cent in APRA-regulated assets, a decrease of 6.5 per cent in exempt public sector superannuation schemes assets, and a decrease of 9.4 per cent in self-managed super fund assets. Total benefit payments included amounts transferred to the Australian Tax Office as inactive low balance accounts.
Key statistics for entities with more than four members for the year ended 31 March 2020:
Total benefit payments
Net contribution flows
Copies of the publications are available on APRA’s website at: Quarterly superannuation statistics.