Super flows point to continued growth in decumulation

28 May 2019
| By Mike |
image
image
expand image

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.

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 5 months ago
Kevin Gorman

Super director remuneration ...

1 year 6 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 6 months ago

The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac....

5 hours ago

With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issu...

5 hours ago

Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new resea...

5 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3