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.