Your super at work: the latest APRA stats
The latest Australian Prudential Regulation Authority (APRA) quarterly super report (not including self-managed super funds) shows, that for the year to September 2018:
Returns across the industry were 8.1%, and
Annualised 7-year average returns were 7.3%.
Super funds in Australia: 5 year average annualised rate of return*
There was an 8.8% increase in total super assets to $ 2.8 trillion at the end of the September 2018 quarter, and
Super contributions were up by 12.2%.
Where did funds invest?
51.5% in shares – 24.7% international listed, 22.8% Australian listed and 3.9% unlisted equities;
31.1% in fixed income /cash – 21% fixed income and 10.1% cash;
13.6% property and infrastructure; and
3.8% in other assets, including hedge funds and commodities
Payment of benefits
There was an increase of 9.7% in total benefit payments in the September 2018 quarter compared with September 2017 ($19.0 billion vs $17.3 billion), and
Benefits comprised 48% lump sum payments and 52% pension payments.
For more details, here is the link to the 27 November 2018 APRA report*.
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