Superannuation assets totalled $2.6 trillion at the end of the March 2018 quarter. Over the 12 months from March 2017 there was a 6.8 per cent increase in total superannuation assets.
Total assets in MySuper products totalled $641.8 billion at the end of the March 2018 quarter. Over the 12 months from March 2017 there was a 15.6 per cent increase in total assets in MySuper products.
For APRA regulated funds:
There were $25.8 billion of contributions in the March 2018 quarter, down 4.0 per cent from the March 2017 quarter ($26.9 billion). Total contributions for the year ending March 2018 were $116.2 billion. Outward benefit transfers exceeded inward benefit transfers by $0.7 billion in the March 2018 quarter.
There were $17.5 billion in total benefit payments in the March 2018 quarter, a decrease of 6.8 per cent from the March 2076 quarter ($18.8 billion). Total benefit payments for the year ending March 2018 were $73.0 billion. Lump sum benefit payments ($8.6 billion) were 49.2 per cent and pension benefit payments ($8.9 billion) were 50.8 per cent of total benefit payments in the March 2018 quarter. For the year ending March 2018, lump sum benefit payments ($36.9 billion) were 50.5 per cent and pension payments ($36.1 billion) were 49.5 per cent of total benefit payments.
Net contribution flows (contributions plus net benefit transfers less benefit payments) totalled $7.8 billion in the March 2018 quarter, an increase of 4.2 per cent from the March 2017 quarter ($7.5 billion). Net contribution flows for the year ending March 2018 were $38.2 billion.
The annual industry-wide rate of return (ROR) for entities with more than four members for the year ending March 2018 was 7.6 per cent. The five year average annualised ROR to March 2018 was 7.6 per cent.
The main valuation effects that occurred during the March quarter 2018 were as follows: the S&P/ASX 200 decreased 5.0 per cent; the price of foreign shares, as represented by the MSCI World Index excluding Australia, decreased 1.6 per cent; and the A$ depreciated 1.7 per cent against the US$.
Over the March 2018 quarter, total assets increased by 0.2 per cent (or $3.5 billion) to $1.8 trillion.
As at the end of the March 2018 quarter, 50.9 per cent of the $1.6 trillion investments were invested in equities; with 22.6 per cent in Australian listed equities, 24.2 per cent in international listed equities and 4.0 per cent in unlisted equities. Fixed income and cash investments accounted for 32.1 per cent of investments; 21.1 per cent in fixed income and 11.0 per cent in cash. Property and infrastructure accounted for 13.4 per cent of investments and 3.7 per cent were invested in other assets, including hedge funds and commodities.