APRA’s new super publication puts product-level data in focus
The Australian Prudential Regulation Authority (APRA) has launched a new statistical publication to provide greater transparency across the superannuation industry.
The Quarterly Superannuation Product Statistics publication lists all superannuation products offered by each APRA-regulated superannuation fund.
The publication also contains granular information on fees and costs, investment performance, investment strategy and asset allocation for a range of products and investment options.
The inaugural issue of the publication shows:
- the details and structure of 1,161 superannuation products as at 31 March 2023. This includes roughly 164,000 investment options offered through these products, of which around 124,000 are available to members to invest in directly, such as shares or term deposits.
- key performance metrics for 69 MySuper products and 681 multi-sector investment options available through non-platform choice products in the accumulation phase. These choice options cover around $330 billion of members’ funds (49 per cent of the accumulation choice product segment).1
Deputy Chair Margaret Cole said: “This new publication provides greater clarity on how fees, costs and investment returns compare across the industry for all MySuper products and a wide range of choice investment options.
“It is the latest in a new series of quarterly and annual superannuation publications that aim to improve the breadth, depth and quality of data available to trustees, fund members and other stakeholders,” she said.
APRA has also released the March edition of the Quarterly Superannuation Industry publication, which presents industry level data on products and member demographics.
Both publications are available on the APRA website at Quarterly Superannuation Industry publication and
Quarterly Superannuation Product Statistics.
Footnote
1 The remainder of assets in choice accumulation products is in single-sector investment options, direct investments or invested via platform products.
Media enquiries
Contact APRA Media Unit, on +61 2 9210 3636
All other enquiries
For more information contact APRA on 1300 558 849.
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.