APRA reports near 15% increase on super assets

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.

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

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Neil is also the host of the ifa show podcast.