On Tuesday, the prudential regulator announced that super assets totalled $3.3 trillion at the end of June 2021, which is a 14.7 per cent increase on last year’s total.
APRA has attributed the healthy spikes to “strong investment performance and positive contributions growth”.
Meanwhile, APRA reported $127 billion in total contributions (up 5 per cent from last year) as well as increases for employer contributions ($98.5 billion – up 1.9 per cent), superannuation guarantee contributions ($74.1 billion – up 4.3 per cent) and member contributions ($28.5 billion – up 17.1 per cent) of which personal contributions were $26.5 billion (up 17.3 per cent).
However there were some dips for the June 2021 quarter, with APRA confirming a 5.5 per cent decline of total benefit payments ($94.4 billion), a 5.3 per cent hit in lump-sum payments ($55.8 billion) and a 5.8 per cent drop in pension payments ($38.6 billion).
The quarterly MySuper statistics for the June 2021 quarter will be released on 31 August.
Wonder how many APRA employees were involved in asking others to provide this information to APRA?