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Superannuation Statistics 31 December 2017

20/03/2018

The Australian Prudential Regulation Authority (APRA) has released its latest quarterly superannuation statistics report.  The quarterly statistics relate to the December 2017 quarter.

Highlights include the following key findings:

  • total superannuation assets as at 31 December 2017 estimated to be $2,614 billion (an increase of 10.1% over the previous 12 months)
  • total SMSF assets as at 31 December 2017 estimated to be $721 billion (an increase of 7.5%)
  • total SMSF represent 27.6% of all super assets as at 31 December 2017
  • in the 12 months to 31 December 2017, industry funds have grown by $100b, self managed super funds have grown by $50b and retail funds have grown by $44b
  • if current growth trends continue (and there are no changes in the current policy settings) for the next two years, it seems that industry funds and SMSFs will each total $900b by 31 December 2019 and retail funds will be $750b by that date
  • again, if current growth trends continue (and there are no changes in the current policy settings), industry funds should reach $1,000b by 31 December 2020 and SMSFs will reach $1,000b by 31 December 2021.