How 2024 revealed the real challenges facing super funds

Dec 19, 2024 · Australia’s super funds have emerged as truly global institutional asset owners, attracting the attention of peers and governments around the world. But Investment Magazine’s 2024 coverage detailed how the rapidly growing sector is also grappling with serving members …

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Super Assets Hit $4 Trillion As Systemic Risks Loom

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Nov 28, 2024 · As funds become bigger investors over the years, their potential to pose system risks in the market is being closely monitored. Earlier this year, the International Monetary …

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Super Insights 2024 - KPMG

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financial markets globally, super funds in Australia posted strong investment returns in FY23, with an average return of 8.62% on the universe of funds in Super Insights. This was a great …

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When Bigger Isn’t Always Better: The Challenges Of Industry Super …

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Nov 29, 2024 · The rise of industry Super funds. Industry super funds have seen remarkable growth in recent years and now account for 38% of the total superannuation market, valued at …

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Mergers And Megafunds: The Superannuation Landscape In …

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in the number of funds. Despite a quadrupling in assets since 2004, over 90% of funds have departed the sector over that period. × Rise of "Megafunds : Several funds have eclipsed …

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Over 100 Super Funds Could Disappear By 2025 As Mergers Ramp Up

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The report, compiled on the basis of an industry-wide survey and interviews with 12 superannuation fund leaders, who collectively manage $1 trillion in assets, revealed …

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$4 Trillion Super Pool Key To Surviving Big Economic Shifts: Treasurer

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Sep 17, 2024 · Aimed at an audience of senior executives in the super industry, regulators and policymakers – alongside key members of the financial advice profession with specialisation in …

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FAQs about How 2024 revealed the real challenges facing super funds Coupon?

How did the superannuation industry perform in 2023?

The superannuation industry rebounded in 2023 after a challenging 2022. Following a year of strong growth on financial markets globally, super funds in Australia posted strong investment returns in FY23, with an average return of 8.62% on the universe of funds in Super Insights. This was a great outcome following the loss of 3.09% in FY22. ...

Will Australia's super funds be tougher in 2023?

Super funds had a stellar 2023 as booming global technology stocks boosted Australians’ retirement savings by nearly 10 per cent, but investment chiefs warned the coming year is likely to be tougher. The bond market delayed rate cut bets in Australia after stronger than expected US jobs data over the weekend. ...

Are super funds a threat to banks?

The RBA’s review expressed worries around super funds’ increasing claims on banks – both through debt securities and equity holdings. According to its observations, super funds now directly hold nearly one-third of bank short-term debt securities and more than one-quarter of equity issued by domestic banks. ...

How big are industry super funds?

Industry super funds have seen remarkable growth in recent years and now account for 38% of the total superannuation market, valued at $3.8 trillion as of March 2024 1. These funds dominate in terms of both member numbers and assets under management: Australian Super: Over $311 billion in assets and more than 3.2 million members. ...

Are super funds causing a financial crisis?

In contrast to the global financial crisis when the super funds helped to recapitalise the banks, the Reserve Bank of Australia two months ago highlighted that super funds selling their bank bill holdings had increased funding costs for the banks and the broader financial system just as it was being put under stress by the pandemic. ...

Why is Super administration a problem in 2024?

The root of the problem is partially funds’ long-time arrangements with their incumbent administrators and tech providers. At the beginning of 2024, Investment Magazine published an extensive piece that detailed the “ perfect storm ” set to break in super administration. And everything came pouring down. ...