Superannuation Update

Australia's superannuation assets totalled an extraordinary $2.0 trillion at the end of the December 2015 quarter.

Over the 12 months from December 2014 there was a 6.1% increase in total superannuation assets.

Total assets in MySuper products totalled $449.1 billion at the end of the December 2015 quarter. Over the 12 months from December 2014 there was a 14.3% increase in total assets in MySuper products, and a 27.5% decrease in total assets in accrued default amounts to $47.8 billion.

Source: APRA, Quarterly Superannuation Performance (published 23 February 2016)