Industry super roars to the lead

Original article by Joanna Mather
The Australian Financial Review – Page: 1 & 4 : 9-Jan-19

Rice Warner forecasts that industry superannuation funds will hold assets worth $800m in 2020, displacing self-managed super funds as the sector’s largest asset managers. Rice Warner also estimates that industry funds’ assets will top $1bn in 2024 and $1.7trn in 2033. Industry funds will boast a 37 per cent share of the market in 2033, ahead of SMSFs (30 per cent) and retail funds (23 per cent). Industry experts note that employers are becoming more willing to embrace industry funds, while the fallout from the financial services royal commission is expected to accelerate the shift from retail funds to industry funds.

CORPORATES
RICE WARNER ACTUARIES PTY LTD, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, DELOITTE TOUCHE TOHMATSU LIMITED, INDUSTRY SUPER AUSTRALIA PTY LTD, AMP LIMITED – ASX AMP, AUSTRALIANSUPER PTY LTD, HOST-PLUS, CONSTRUCTION AND BUILDING UNIONS’ SUPERANNUATION FUND, TELSTRA CORPORATION LIMITED – ASX TLS, VANGUARD INVESTMENTS AUSTRALIA LIMITED

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