Overview

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

IBISWorld’s Superannuation Funds market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Several major mergers have reduced the number of enterprises operating in the industry
  • Future superannuation regulatory changes could significantly affect the industry’s performance
  • Superannuation assets are projected to grow and become a crucial aspect of the financial system

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    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 - Industry SWOT Analysis Chapter

    The Superannuation Funds industry has grown strongly over the past five years and this is expected to continue over the next five years. The industry is in the growth stage of its life cycle, with industry value added (IVA) forecast to grow at an annualised 8.8% over the 10 years through 2021-22. This represents a significant outperformance of overall GDP, which is forecast to grow at an annualised 2.5% over the same period. The significant outperformance is largely due to the low base caused by the European sovereign debt crisis in 2011-12. IVA is driven primarily by assets under management and wages, which are both expected to rise over the period.

    Favourable government regulation has driven the industry. Sup..

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    Additional Insights for the Superannuation Funds Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Superannuation Funds Industry are

  • Establishment of brand names
  • Willingness to outsource when appropriate
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as All Ordinaries index and Total employees in the labour force in the Superannuation Funds industry impact industry performance..

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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 Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • All Ordinaries index
  • Total employees in the labour force
  • year bond rate
  • Real household discretionary income

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Superannuation Funds Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Superannuation Funds Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Custody, Trustee and Stock Exchange Services
  • Financial Asset Investing
  • Life Insurance
  • Superannuation Funds Management Services

  • Products & Services
  • Small funds
  • Retail funds
  • Industry funds
  • Public sector funds
  • Corporate funds
  • Chart: Superannuation Funds Industry Products and Services Segmentation

  • Demand Determinants
  • Compulsory contributions
  • Voluntary contributions

  • Major Markets
  • People aged 50 to 59
  • People aged 35 to 49
  • People aged over 65
  • People aged 60 to 65
  • People aged under 35
  • Chart: Major Market Segmentation for the Superannuation Funds Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Net asset change
  • Benefits
  • Operating expenses
  • Chart: Cost Structure Benchmarking – Sector vs Superannuation Funds

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Superannuation Funds Industry

  • Industry Globalization
    Major Companies
    AustralianSuperCommonwealth Bank of AustraliaAMP LimitedState Public Sector Superannuation Scheme
  • Table: AustralianSuper - financial performance
  • Table: Commonwealth Bank of Australia - financial performance
  • Table: AMP Limited - financial performance
  • Table: State Public Sector Superannuation Scheme - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Superannuation Funds Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Superannuation Funds Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Actuarial
  • Relating to a statistician who computes insurance risks and premiums.
  • Apra
  • The Australian Prudential Regulation Authority regulates the Australian financial services industries, overseeing banks and most members of the Superannuation Funds industry.
  • Brownfield
  • The expansion or privatisation of existing infrastructure, providing an opportunity for investment.
  • Defined Benefit
  • A pension plan where the benefit amount paid upon retirement is specified based on a combination of factors from an individual employment history. The investment risk is borne by the fund or employer.
  • Defined Contribution
  • A pension plan with regular contributions made to the fund, where benefits are paid based on the accumulation of contributions and investment returns. The investment risk is borne by the employee.
  • Non Public-Offer
  • Superannuation funds where membership is limited employees of a single employer or group of employers.
  • Preservation Age
  • The age at which an individual can access their superannuation.
  • Public-Offer
  • Superannuation funds that can be joined by members of the public.
  • Self-Managed Superannuation Funds
  • ATO-regulated superannuation entities that have less than five members, all of whom are trustees or directors of the corporate trustee.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Superannuation Funds:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Superannuation Funds market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Superannuation Funds, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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