Total estimated assets for the superannuation fund sector rose by $192.2 billion to $1.51 trillion over the 12 months to 31 December 2012, according to the Australian Prudential Regulation Authority (APRA).
The increase – which included self-managed super funds – also took into account the $47.1 billion increase in total super assets over the December quarter, the 'Quarterly Superannuation Performance' report found.
Over the year to December, the industry-wide rate of return for quarterly reporting funds was 11.5 per cent.
By sector, the quarterly rate of returns of each fund for the December quarter were 3.4 per cent for industry funds, 3.3 per cent for corporate and retail funds and 2.7 per cent for public sector funds, according to the findings.
The December quarter saw industry funds grow by 4.8 per cent to $294.7 billion, retail funds by 3.2 per cent to $398.1 billion and public sector funds by 2 per cent to $236.9 billion, APRA stated.
Total assets of corporate funds, however, lost $500 million to end the quarter at $57.8 billion.
According to APRA, contributions to funds with at least $50 million in assets over the December quarter were $21.9 billion, with employers contributing $17.9 billion and members contributing $3.6 billion.
Public sector funds led in contributions over the quarter, receiving 34.1 per cent ($7.5 billion), followed by industry funds ($6.9 billion), retail funds ($6.6 billion) and corporate funds ($900 million).
The report found outward rollovers exceeded inward rollovers over the quarter, with industry funds receiving $1.7 billion of net rollovers. Retail, public sector and corporate funds posted negative net rollovers of $488 million, $648 million and $2.7 billion, respectively.
