• Details
    • Industry: Financial Services, Superannuation
    Type: Business and industry issue
    Date: 24/11/2011
    Australia - Issues & insights - Articles & publications

    KPMG-ACFS Monograph: Superannuation trends and implications 

    The extraordinary growth of the self-managed super fund segment over the last decade and an ageing Australian population means that many superannuation institutions are now facing a challenging environment in which to grow assets and members. Growth strategies previously employed by superannuation institutions, may no longer be suitable.
    Superannuation trends and implications cover
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    The challenge for superannuation institutions is to adapt and respond to the changing landscape in a time of increasing competition.

     

    This monograph is an outcome of the research partnership between Australian Centre for Financial Studies (ACFS) and KPMG and is central to the mission of both firms.

     

    Key insights

    • During the period from June 2000 to June 2011, self-managed super funds (SMSF) were the fastest growing segment.
    • Consolidation of superannuation institutions in Australia has continued, albeit juxtaposed with continuing growth in the numbers of SMSFs.
    • The average size of superannuation institutions has increased significantly. However, analysis suggests that greater scale has not consistently resulted in reduced total costs per member.
    • Superannuation membership in Australia is ageing, increasing the proportion of fund members drawing an income stream.
     

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