The Australian Prudential Regulation Authority (APRA) has released its June 2013 Quarterly Superannuation Performance publication.
According to the report, total estimated assets (which include the assets of self-managed superannuation funds and the balance of life office statutory funds) rose by $217.2 billion (15.5 per cent) to $1.62 trillion over the 12 months to 30 June 2013.
The increase in total assets over the June 2013 quarter was $35.1 billion (2.2 per cent).
The total estimated assets of public sector funds increased by 3.9 per cent ($9.6 billion) to $256.8 billion, while industry funds increased by 3.8 per cent ($11.8 billion) to $323.2 billion; corporate funds increased by 2.2 per cent ($1.3 billion) to $61.7 billion; and retail funds increased by 1.8 per cent ($7.4 billion) to $422.4 billion.
Contributions to funds with at least $50 million in assets over the June 2013 quarter were $25.9 billion, which represented an increase of 24.6 per cent ($5.1 billion) compared to the March 2013 quarter.
Employers contributed $19.6 billion, an increase of 16.3 per cent ($2.8 billion) compared to the March 2013 quarter and members contributed $6.1 billion, an increase of 62.4 per cent ($2.4 billion).
Other contributions (including spouse contributions and government co-contributions) totalled $130 million in the June 2013 quarter, a decrease of 1.5 per cent ($2 million).
The report also found that during the June quarter, retail funds received 34.4 per cent ($8.9 billion) of total contributions while industry funds had 32.9 per cent ($8.5 billion); public sector funds had 29.2 per cent ($7.6 billion); and corporate funds had 3.5 per cent ($0.9 billion).
The report can be accessed at this PS News link.
Edition 376, 27 August 2013