Retail super funds account for the second-largest asset base within superannuation and are becoming a significant element of the Australian financial system. Over the five years through 2014-15, funds under administration (FUA) are forecast to grow at an annualised 4.9% to reach $473.7 billion. The industry is underpinned by guaranteed super contributions and a growing labour force. Industry revenue is extremely volatile, with investment income causing most of the shocks. As such, industry revenue is not indicative of industry performance. In 2014-15, revenue is forecast to decline by 6.5% to reach $85.2 billion.
Firms in this industry primarily provide retirement benefits to the general public on a commercial basis. These firms have to have more than four members. Industry revenue is composed of total contributions, total investment income and inward rollovers.
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.