• Mark Monfort

Analysis of APRA Fund Level Statistics 2020

Updated: Sep 15, 2021

Original Article published on LinkedIn on December 18, 2020


It's that time of the year again and the APRA (Australian Prudential Regulatory Authority) Superannuation statistics are available again, so Christmas has come early for those who love crunching the data like we do at Decision Inc.


This time it's for the year ending 30th June 2020 and they have both MySuper statistics as well as the Fund level statistics available on their website here: https://www.apra.gov.au/annual-fund-level-superannuation-statistics.


Last year I built an app in Power BI which looked at these historical statistics up to 2019 and it was simply a case of adding the new sheet for 2020 into this app.


If you want access to the app then scroll to the end of this article. Here are some highlights:


Performance


Overall returns were weaker than prior years at -0.2% (last year saw an average of 6% across all funds).


How did this look for particular types of superannuation? Let's take a look:


Industry funds had an average performance on a 1-year basis of -0.3% whilst 5-year returns were +5.7% both being measured as at 30 June 2020. Best in class was the Victorian Independent Schools Superannuation Trust at +14.4% 1-year returns and as can be seen below stood far and away as the best performer amongst the cohort.

Retail was a little better at +0.1% for their 1-year returns but only 4.0% for 5-year returns. Best performers included Munich Holdings at +10.5% and Westpac Mastertrust at +9.5% but in both scenarios this was higher than their average 5-year returns.


We also looked at Corporate funds had better 1-year returns than either at +1.3% and came in behind Industry funds at 5.4% for their average 5-year return for the same period. ANZ Australian Staff Superannuation Scheme was +15.5% for 1-year returns and not far behind was Lutheran Super at +15.1%.

Investment Income

Total Investment Income dropped for Industry funds but grew for Retail funds as we can see below.

In terms of ranks across all fund types, QSuper had the highest at $6.3 billion followed by Australian Super at $4.4 billion. However, QSuper did have -$6.9 billion in total gains/losses for 2020 which balances things out.


Open vs Closed Accounts

In terms of Net Movement across superannuation accounts, the most gains came from the Super Directions Fund followed by Aware Super.


The most negative net movements were in funds that look after lost or unclaimed super.


Another way to look at is how these movements have evolved over time by superannuation type and what is clear is that Retail super funds have had more gains this year than others with 411k net new members and Public Sector funds gaining 197k.


The App

If you want access to this app then click here: LINK


Here is a little animation of how to use the app that was created with the original version. You're greeted with a main dashboard with 6 tiles that relate to different sections. You can click on the type of superannuation/fund filter at the top of this dashboard and if you want to get into more detail then click on the tiles.


Within the tiles you can either navigate to different sub-menus, expand on charts and choose different periods (multi-select means you'll need to hold down the CTRL button) and to go back you can either click on the back button (top right of each page) or click on the APRA logo to go back to the main menu.

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