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Home News

SMSF market share sees modest rise

The latest APRA statistics show total SMSF assets grew by $31.8 billion in the 12 months to 30 June 2016, with the SMSF market share as a proportion of total superannuation assets also increasing slightly.

by Reporter
February 3, 2017
in News
Reading Time: 1 min read
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The statistics revealed total SMSF assets increased by 5.4 per cent from $589.9 billion at 30 June 2015 to $621.7 billion at 30 June 2016.

Total SMSF assets accounted for 29.6 per cent of the $2,099.45 billion in total superannuation assets at 30 June 2016, up slightly from 29.2 per cent in 2015.

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APRA-regulated assets increased by 3.7 per cent from $1,246.0 billion at 30 June 2015 to $1,292.24 billion in 2016.

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SMSF Adviser is the authoritative source of news, opinions and market intelligence for Australia’s SMSF sector. The SMSF sector now represents more than one million members and approximately one third of Australia's superannuation savings. Over the past five years the number of SMSF members has increased by close to 30 per cent, highlighting the opportunity for engaged, informed and driven professionals to build successful SMSF advice business.

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