Overview

Super effort: Merger activity has benefited industry performance over the past five years

IBISWorld’s Superannuation Funds market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

Australia's superannuation system forms the backbone of the nation's pension system. Three pillars make up the pension system: a means-tested age pension, compulsory super contributions, and voluntary super contribution schemes. The Superannuation Guarantee scheme currently requires employers to contribute an amount equal to 9.5% of their employees' incomes to the employees' choice of superannuation fund. This system has prompted significant growth in the Superannuation Funds industry, which has become the fourth-largest pension market in the world.

Industry revenue is expected to grow at an annualised 14.5% over the five years through 2016-17, to $284.1 billion. This includes an expected 8.3% revenue increase in 2016-17...

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Industry Report - Starting a New Business Chapter

The Superannuation Funds industry exhibits a high level of barriers to entry, although barriers are lower for self-managed super funds. There are low barriers to individuals establishing a superannuation fund of less than five members and in establishing employer-sponsored funds. However, to be cost effective, superannuation funds should have assets exceeding $200,000, as economies of scale reduces expense ratios for members.

APRA must approve trustees of superannuation entities providing superannuation products to the public. To obtain approval, the trustee must meet minimum capital requirements or provide an equivalent bank guarantee, or have a custodian that meets the requirements. Pro..

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Industry Products

What is the Superannuation Funds Industry?

The Superannuation Funds industry provides retirement benefits to members and includes both large and small funds. Industry revenue consists of contributions and net investment revenue combined. Investment revenue is income earned from investments and capital gains or losses. Enterprises represent the major funds (i.e. super funds with five or more members) and establishments include all super funds.

Industry Products
Corporate funds
Industry funds
Public sector funds
Retail funds
Small funds
Industry Activities
Operating approved deposit funds
Operating corporate funds
Operating public sector funds
Operating industry funds
Operating funds
Operating self-managed superannuation funds

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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