AUSTRAILIA - Superannuation assets have reached the A$1.0trn mark, according to figures released by the Australian Prudential Regulation Authority (APRA).
APRA’s Quarterly Superannuation Performance report showed that total superannuation assets rose during Q4 2006 by 6.9 % to $1.0trn, which represents a 19.2% increase over the year.
The report said that contributions to funds with at least $50m in assets over the quarter were $18.1bn, with employers contributing 62.5% and members 35.3%. The combined return on assets was 5.3% and the return for corporate funds was 5.9%.
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