The prudential regulator released its superannuation performance statistics for the March 2015 quarter yesterday.
Of the $2 trillion in super, $420.2 billion was invested in MySuper products as at the end of the March – with a 23.1 per cent increase in total assets in MySuper products over the year.
Throughout the year to 31 March 2015 there were $101.6 billion in contributions to the superannuation system, and the March 2015 quarter saw $23.7 billion in contributions.
Super funds paid out $14.4 billion in total benefit payments in March 2015, up 9.2 per cent from the March 2014 quarter.
Total benefit payments for the year ending March 2015 were $57.5 billion.
"Net contribution flows (contributions plus net benefit transfers less benefit payments) totalled $8.7 billion in the March 2015 quarter, a decrease of 1.4 per cent from the March 2014 quarter ($8.8 billion)," APRA said.
Net contribution flows for the year ending march 2015 were $39.3 billion.
The industry-wide rate of return for entities with more than four members for the year ending 31 March 2015 was an impressive 13 per cent.
