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APRA Fund Level Statistics 2020 Update

It’s that time of the year again. The Australian Prudential Regulatory Authority (APRA) Superannuation statistics are available, a gift for those of us who love crunching numbers.

These stats are for the year ending 30 June 2020, and they have both MySuper statistics and the Fund level statistics available on their website here. Last year I built an app in Power BI which looked at these historical statistics up to 2019, and it was merely a case of adding the new sheet for 2020 into this app. Simple! 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 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 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 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

You can access this app here.

Here is a little animation of how to use the app that was created with the original version – the 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, you can then click on the tiles to drill down.

You can navigate to different sub-menus within the tiles, expand on charts, and choose different periods (multi-select means you’ll need to hold down the CTRL button). 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. It’s that simple!

Insightful and meaningful dashboards like this only a small part of what we do at Decision Inc. If you would like some advice or assistance setting up a similar dashboard for your business, please reach out to my colleagues or me.

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