EPISODE · Jun 2, 2024 · 2 MIN
Mon, 3rd Jun 2024
from Superannuation News Wrap · host Paige Estritori
This podcast from Financial Services Online offers an in-depth overview of the current superannuation trends impacting Australia. Key shifts include an unprecedented migration from industry funds to self-managed super funds (SMSFs), with outflows from industry funds having doubled since early 2022. In terms of market share, industry funds hold 34.9%, SMSFs have risen to 25%, with retail super funds at 20.3%. Larger losses from industry funds appear to be a key driver for this shift, with pension payouts having jumped significantly. A noteworthy trend highlighted in the Investment Trends 2024 Super Member Engagement Report is an unexpected spike in member engagement, particularly among wealthier members, pointing to a heightened focus on retirement planning. This analysis elucidates the evolving landscape of superannuation, and the factors affecting its growth and change.n
What this episode covers
This podcast from Financial Services Online offers an in-depth overview of the current superannuation trends impacting Australia. Key shifts include an unprecedented migration from industry funds to self-managed super funds (SMSFs), with outflows from industry funds having doubled since early 2022. In terms of market share, industry funds hold 34.9%, SMSFs have risen to 25%, with retail super funds at 20.3%. Larger losses from industry funds appear to be a key driver for this shift, with pension payouts having jumped significantly. A noteworthy trend highlighted in the Investment Trends 2024 Super Member Engagement Report is an unexpected spike in member engagement, particularly among wealthier members, pointing to a heightened focus on retirement planning. This analysis elucidates the evolving landscape of superannuation, and the factors affecting its growth and change.n
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Mon, 3rd Jun 2024
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