The Australian superannuation system is a vital component of the nation’s retirement income policy framework.
Having grown from modest beginnings to near-universal coverage of the working population, the system is on its way to reaching maturity as a vehicle for all facets of accumulation, management and drawdown of retirement assets.
This report focuses on the 3-year period to 30 June 2018, and on deep analysis of transaction-level data from three large multi-industry superannuation funds; First State Super, Sunsuper, and VicSuper. These three funds have a combined membership of over two million, over 200,000 registered employers and total assets under management of $167.8 billion at 30 June 2018.
Combined these funds held around 6% of total Australian superannuation system assets, or just under 10% of assets managed by profit-for-members superannuation funds at 30 June 2018. Note the study does not include SMSFs.
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