POWERED BY MOMENTUM MEDIA
Super primary driver for growth
Superannuation has been the primary driver for growth in the superannuation industry, according to new research released by Roy Morgan.
The research, covering the 17 years since the first Financial Systems Review conducted by Stan Wallis, has pointed to the manner in which Australia’s superannuation guarantee regime has driven growth alongside lending.
The Roy Morgan research, released today, reveals that since the first FSR in 1997, the Australian consumer financial services market has grown at 10 times the rate of the population and that the principal drivers for that growth have been superannuation and lending.
“Superannuation and lending have been the principal drivers of growth, with super now the major financial category, equivalent to just under half the total market value of financial services while lending grew by 324 per cent,” the Roy Morgan analysis said.
It said the over-50s were an increasingly dominant force, comprising 39.5 per cent of the population and 55.9 per cent of the financial services market.
As well, the analysis confirmed that the top 20 per cent wealthiest customers dominated the market, controlling 64.8 per cent of its overall value, while the bottom 40 per cent accounted for just 2 per cent.
The research also appeared to emphasise the impact of vertical integration, suggesting the big four banks had increased their market strength, despite the 1997 inquiry predicting that new entrants and shifting market dynamics would result in more competitive conditions.
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
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 issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
