Superannuation Returns on Assets Increasing

According to the Australian Prudential Regulation Authority’s (APRA) recently-released Annual Superannuation Bulletin, total superannuation assets increased during the 2013 financial year by a very respectable 15.7%, equating to a dollar value of $219.8 billion.

By fund type, respective increases were as follows:

 Type of Fund % increase
Industry funds 21.5%
Small funds (includes SMSFs) 15.5%
Public sector funds 15.4%
Retail funds 13.9%
Corporate funds 9.1%

Source: APRA Annual Superannuation Bulletin 2013

Industry-wide, the average rate of return for large funds in 2013 was more than double the ten-year average, reflecting in part the health of the Australian share market over the 2012/13 financial year. Of course – not all super funds achieved the average score. The APRA statistics for the 200 largest funds show a difference between best rate of return and lowest rate of return for the 2013 financial year of just over 30% – a significant variation! In the 2013 financial year, the top five funds by rate of return, of the 200 largest funds, were as follows:

Fund Name Return as quoted by APRA
Goldman Sachs & JBWere Superannuation Fund 24.9%
The Victorian Independent Schools Superannuation Fund 19.2%
Perpetual WealthFocus Superannuation Fund 19.1%
Colonial First State Rollover & Superannuation Fund 19.0%
O-I Australia Superannuation Fund 18.3%

Source: APRA 2013 Fund-level rates of return – 200 largest funds

Of course, one-year returns are insignificant in the overall working life of a member; over the past decade, the top five funds by rate of return of the 200 largest funds, as quoted by APRA were as follows:

Fund name Return as quoted by APRA
Goldman Sachs & JBWere Superannuation Fund 10.5%
Commonwealth Bank Group Super 8.1%
Worsley Alumina Superannuation Fund 8.0%
UniSuper 8.0%
Clough Superannuation Fund 7.7%

Source: APRA 2013 Fund-level rates of return – 200 largest funds

Overall fund return only tells part of the story though; the specific investment choice that each member makes will affect their personal return and of course the features and benefits of the specific policy chosen will affect its value for the individual investor. Click here for some information on what to think about when choosing a super fund.

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