The group has published a survey of MySuper products covering the period ending on 31 March 2014, with research identifying 129 superannuation products across 100 providers, through which 118 approved MySuper products are currently available.
Industry funds hold 77.4 per cent of the $291.2 billion held in MySuper products, Plan For Life said.
"A further 15.9 per cent is held in public sector super funds and 3.3 per cent in each of retail and stand-alone corporate funds," the report stated.
"The MySuper market grew 34.7 per cent over the quarter to 31 March 2014, mainly due to existing default options converting to MySuper, which accounted for over 90 per cent of the FUM growth," said Plan For Life.
Despite the concentration in industry funds, they are outnumbered by retail funds 51 to 48.
