POWERED BY MOMENTUM MEDIA
Super flows point to continued growth in decumulation
The growth in assets of Australian Prudential Regulation Authority (APRA)-regulated superannuation funds outstripped that for Self-Managed Superannuation Funds (SMSFs) during the March quarter, according to the latest APRA superannuation statistics.
The data, released today, reveals that total superannuation assets increased by 6.7 per cent to reach $2,782 trillion, of which $1,836 was held by APRA-regulated funds, compared to $746.6 held by SMSFs.
However, the same data revealed the continuing pattern of the contributions declining as members exit and begin decumulation.
The statistics showed a 2.7 per cent decline in total contributions for the year ended March, to $113.2 billion with a commensurate increase in benefit payments to $75.1 billion.
Net contribution flows declined by 10.2 per cent over the period to $35.4 billion.
AUTHOR
Mike Taylor
Recommended for you
In its pre-election policy document, the FSC highlighted 15 priority reforms, with superannuation featuring prominently, urging both major parties to avoid changing super taxes without a comprehensive tax review.
The Grattan Institute has labelled the Australian super system as “too complicated” and has proposed a three-pronged reform strategy to simplify superannuation in retirement.
Super funds delivered a strong 2024 result, with the median growth fund returning 11.4 per cent, driven by strong international sharemarket performance, new data has shown.
Australian Ethical has seen FUM growth of 27 per cent in the financial year to date.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
36.43 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
35.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
27.64 3 y p.a(%)
