Infographic - Quarterly Superannuation Industry publication December 2024 accessible version

This infographic is from the Quarterly Superannuation Industry Publication.

Box 1 - Totals

As at 30 December 2024, total member assets of the Superannuation Industry were $2.56 trillion^, spread across 960 superannuation products and 23.1 million member accounts.
Of the 960 superannuation products, 56 were MySuper products^{^}, 792 were Choice products and 112 were defined benefit products.
Of the $2.56 trillion of member assets, $1,076 billion were in MySuper products, $1,336 billion were in Choice products and $145 billion were in Defined Benefit products.
Of the 23.1-million-member accounts, 14.9 million were in MySuper products, 7.5 million were in Choice products and 0.7 million were in Defined benefit products.

Box 2 – Choice products

Of the 792 Choice products,455 were Accumulation products, 121 were Transition to Retirement products and 216 were Retirement products.
Of the $1,336 billion of member assets in Choice products, $832 billion were in accumulation products, $15 billion were in Transition to retirement products and $489 billion were in Retirement products.
Of the 7.5-million-member accounts in Choice products, 6.1 million were in accumulation products, 0.1 million were in Transition to retirement products and 1.3 million were in Retirement products.

Box 3 – Average member account balances

MySuper members had an average account balance of $72k.
Choice accumulation members have an average account balance of $136k.
Choice transition to retirement members had an average account balance of $233k.
Choice retirement members had an average account balance of $369k.
Defined benefit members had an average account balance of $204k.

Box 4 – Choice product Investment Option Breakdown

There were 35,927 choice single sector investment options making up 28.7% of member assets in choice products.
There were 13,762 choice multi-sector investment options, making up 66.5% of member assets in choice products.
There were 112,415 choice direct assets investment options, making up 4.7% of member assets in choice products.

Box 5 - Investments via platform products

Investments via platform products represented $372.1billion or 27.9% in choice member assets.

Box 6 - Member Accounts and Average Balance by Age

This chart shows the number of member accounts and average member balance between age brackets under 25 years of age and over 85 years of age.

Footnotes

^{^}Data is current as at 31 December 2024 and covers all APRA regulated superannuation entities with more than four members. Product composition data excludes Exempt Public Sector Superannuation Scheme entities.