Quarterly Superannuation Statistics from APRA

3rdyThe 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.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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