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Retail Superannuation Funds in Australia - Industry Market Research Report

Publisher IBISWorld
Published Oct 17, 2023
Length 37 Pages
SKU # IBSS18263806

Description

Retail Superannuation Funds in Australia - Industry Market Research Report


Retail Superannuation Funds in Australia

The performance of the Retail Superannuation Funds industry has fluctuated significantly over the past five years. Industry revenue is expected to rise at an annualised 7.8% over the five years through 2021-22, to $75.3 billion. This trend includes a decline of 32.8% in the current year, following significant growth in 2020-21 as the industry rebounded from the investment losses incurred in 2019-20. Industry revenue is highly volatile, and fluctuations in investment returns can cause revenue shocks. Due to this volatility, revenue is not an accurate representation of industry performance and size. Funds under administration (FUA) provide a better indication, and these are expected to grow at an annualised 3.5% over the five years through 2021-22, to $773.6 billion. Guaranteed super contributions have supported the industry's growth, but the fallout from the Financial Services Royal Commission, investment losses during the COVID-19 pandemic and APRA's early super release scheme have weighed on revenue over the period.

Industry firms provide retirement benefits to the general public on a commercial and for-profit basis. Funds with four or less members are excluded from the industry. Industry revenue is primarily made up from investment revenue.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

37 Pages
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 Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

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

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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