Industry super funds are not-for profit superannuation funds that operate for the benefit of their members. They are one of five types of superannuation fund in Australia. Like most super funds, industry super funds were hit hard by the financial crisis, reporting an aggregate loss in 2008-09. The lost ground has since been recovered, with industry funds under management (FUM) forecast to grow at annualised 7.4% over the five years through 2014-15, to $356.2 billion. However, the effects of the financial crisis are still evident, with waves of uncertainty rocking financial markets and causing wild fluctuations in industry revenue.
Firms in this industry primarily provide retirement benefits to members of specific industries. Industry revenue is comprised of contributions and net investment revenue combined. Industry firms must have more than four members.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.