Overview

Just super: Industry revenue surges on the back of increasing membership to KiwiSaver schemes

IBISWorld’s Superannuation Funds in New Zealand market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

The Superannuation Funds industry has grown strongly over the past five years on the back of increasing contributions and investment revenue. Growth in the KiwiSaver scheme has been underpinned by rising membership numbers and contributions. Combined with the sharemarket's strong performance, these trends have driven strong annualised growth in industry assets over the period. Industry revenue is expected to rise at an annualised 8.4% over the five years through 2017-18, including current year growth of 6.4% to reach $12.3 billion. However, industry assets provide a more accurate measure of industry performance and size. Assets are anticipated to grow at an annualised 13.4% over the five years through 2017-18, to reach $74.2 billion...

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Industry Report - Industry Investment Chapter

The Superannuation Funds industry is characterised by low capital intensity. For every dollar paid as wages, an estimated $0.05 is spent on capital investment. The industry is labour-intensive due to the high wages and salaries earned by industry employees. Labour is required for administrative, custodial, advisory and investment services. However, many of these activities are outsourced or conducted by divisions within a business that is excluded from the industry. As a result, the industry's direct wage expenses are low. Industry operators primarily invest in computers and other IT infrastructure, with few significant depreciation expenses incurred. Ope..

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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

  • Economies of scale
  • Maintenance of excellent customer relations
  • Having a high prior success rate (including completed prior contracts)
  • IBISWorld analysts also discuss how external factors such as Total employees in the labour force and Average weekly earnings in the Superannuation Funds industry impact industry performance..

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    New Zealand Special Report

    Industry Products

    What is the Superannuation Funds in New Zealand Industry?

    Industry operators are primarily engaged in operating superannuation and KiwiSaver schemes. These include private, employer, retail and self-managed superannuation schemes.

    Industry Products
    KiwiSaver schemes
    Employer schemes
    Retail schemes
    Private schemes
    Industry Activities
    Operating private superannuation schemes
    Operating employer superannuation schemes
    Operating superannuation schemes
    Operating KiwiSaver schemes

    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
  • Total employees in the labour force
  • Average weekly earnings
  • NZX 50 index
  • year bond rate

  • Current Performance
  • Superannuation system
  • KiwiSaver
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Universal superannuation
  • KiwiSaver
  • 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 in New Zealand

  • Key Selling Industries
  • Accounting Services in New Zealand
  • Funds Management and Other Investment Services in New Zealand
  • Internet Service Providers and Web Search Portals in New Zealand
  • Life Insurance in New Zealand

  • Products & Services
  • KiwiSaver schemes
  • Employer schemes
  • Retail schemes
  • Private schemes
  • Chart: Superannuation Funds Industry Products and Services Segmentation

  • Demand Determinants
  • Compulsory contributions
  • Voluntary contributions

  • Major Markets
  • People aged 35 to 54
  • People aged over 55
  • 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
  • Internal competition
  • External competition

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

  • Industry Globalization
    Major Companies
    ANZ Bank New Zealand LimitedASB Holdings Limited
  • Table: ANZ Bank New Zealand Limited - financial performance
  • Table: ASB Holdings Limited - 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Total Assets (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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.
  • Public Benefit Entity
  • Entities whose primary purpose is to provide goods or services for community or social benefit.
  • Salary Sacrifice
  • An agreement made between an employee and their employer that allows the employee to purchase certain goods and services using their pre-taxed income.
  • 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 in New Zealand:
    • 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 in New Zealand 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 in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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