The Australian Prudential Regulation Authority has recently released the Quarterly Superannuation Performance publication, showing favorable results for the month of March 2014.
The total estimated assets for Superannuation including Self – Managed Super Funds was up to $1.84 trillion. Funds with a minimum of $50 million in assets were up by 9.1% at $22.7 billion from the same time last year. Benefit payments are also up from the previous year, with $13.4 billion in benefits for this quarter as opposed to the $12.1 paid last year, an increase of 10.3%.
The recent increase shows that more Australians are seeing the benefits of Superannuation in preparation for retirement.
Read more about this on the Invest in Australia website.