Superannuation assets totalled $2.8 trillion at the end of the September 2018 quarter. Over the 12 months from September 2017 there was a 8.8 per cent increase in total superannuation assets.
Total assets in MySuper products totalled $695 billion at the end of the September 2018 quarter. Over the 12 months from September 2017 there was a 13.9 per cent increase in total assets in MySuper products.
For APRA regulated funds:
There were $26.4 billion of contributions in the September 2018 quarter, up 12.2 per cent from the September 2017 quarter ($23.5 billion). Total contributions for the year ending September 2018 were $110.9 billion. Outward benefit transfers exceeded inward benefit transfers by $1.1 billion in the September 2018 quarter.
There were $19.0 billion in total benefit payments in the September 2018 quarter, an increase of 9.7 per cent from the September 2017 quarter ($17.3 billion). Total benefit payments for the year ending September 2018 were $72.0 billion. Lump sum benefit payments ($9.1 billion) were 48.0 per cent and pension benefit payments ($9.9 billion) were 52.0 per cent of total benefit payments in the September 2018 quarter. For the year ending September 2018, lump sum benefit payments ($35.0 billion) were 48.5 per cent and pension payments ($37.1 billion) were 51.5 per cent of total benefit payments.
Net contribution flows (contributions plus net benefit transfers less benefit payments) totalled $6.3 billion in the September 2018 quarter, an increase of 29.6 per cent from the September 2017 quarter ($4.8 billion). Net contribution flows for the year ending September 2018 were $35.8 billion.
The annual industry-wide rate of return (ROR) for entities with more than four members for the year ending September 2018 was 8.1 per cent. The five year average annualised ROR to September 2018 was 7.3 per cent.
Over the September 2018 quarter, total assets increased by 1.8 per cent (or $34.9 billion) to $1.9 trillion.
The main valuation effects that occurred during the September quarter 2018 were as follows: the S&P/ASX 200 increased 0.2 per cent; the price of foreign shares, as represented by the MSCI World Index excluding Australia, increased 4.7 per cent; and the A$ depreciated 2.3 per cent against the US$.
As at the end of the September 2018 quarter, 51.5 per cent of the $1.7 trillion investments were invested in equities; with 22.8 per cent in Australian listed equities, 24.7 per cent in international listed equities and 3.9 per cent in unlisted equities. Fixed income and cash investments accounted for 31.1 per cent of investments; 21.0 per cent in fixed income and 10.1 per cent in cash. Property and infrastructure accounted for 13.6 per cent of investments and 3.8 per cent were invested in other assets, including hedge funds and commodities.