The APRA Quarterly Superannuation Performance report, which is based on entities with at least $50 million in assets, found that total superannuation assets increased by 2.6 per cent over the June 2014 quarter.
There were $27.6 billion in superannuation contributions in the June quarter, up 5.9 per cent from the June 2013 quarter. Total contributions for the year ending June 2014 were $95 billion.
Outward rollovers exceeded inward rollovers by $531 million in the June quarter, and there were $14.7 billion in total benefit payments for the quarter (up 8.3 per cent from the prior corresponding period).
Net contribution flows totalled $12.4 billion for the quarter, up 15.1 per cent from the June 2013 quarter. Net contribution flows for the year ending June 2014 were $37.3 billion.
When it comes to financial performance, the annual industry-wide rate of return for the year ending 30 June 2014 was 11.6 per cent.
