Superannuation Funds in Australia - Industry Market Research Report

Super news: Growing assets have helped super funds recover from the COVID-19 pandemic

Significant global market volatility has affected invest incomes for superannuation funds in recent years. The initial COVID-19 outbreak and subsequent economic uncertainty, including inflationary pressures, saw revenue for funds fluctuate dramatically. Superannuation fund revenue is expected to increase at an annualised 0.7% over the five years through 2022-23, to total $230.1 billion, although the period has seen significant volatility. Superannuation fund's total assets are a more accurate indicator of the industry's size, with assets expected to grow at an annualised 3.4% over the same period, to $3.5 trillion. Continued incremental increases to the Superannuation Guarantee Scheme have boosted contributions to superannuation funds, providing wider scope for investment. This system has supported the Superannuation Funds industry, which is one of the largest pension systems in the world.

The industry provides retirement benefits to members and includes both large and small funds. Industry revenue primarily consists of investment revenue. Investment revenue is income earned from investments and capital gains or losses. Enterprises represent the major funds (i.e. super funds with five or more members) and establishments include all super funds including self-managed superannuation funds.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.