The SMSF segment has peaked at 31 per cent of super assets and will decline to 26 per cent over the next 15 years, according to Rice Warner Actuaries.
Its latest Superannuation Market Projections Report also predicted a fall in the number of retail, industry, corporate and public sector super funds by 2013, from 514 to 220. Over the same period there will an increase in the number of not-for-profit funds, from 13 currently to 30.
Despite a further expected negative return for this financial year, the report projected overall super assets to grow by 9 per cent over the period.
A total 37 per cent of assets will be held in pensions by 2023, compared to 25 per cent today, due to relatively high draw downs of pensions over the next year as a result of current economic conditions.
