APRA releases superannuation statistics for March 2023

On 23 May 2023 the Australian Prudential Regulation Authority (APRA) released its Quarterly Superannuation Performance publication and the Quarterly MySuper Statistics report for the March 2023 quarter.  Key statistics for the superannuation industry as at 31 March 2023: 

Superannuation assets increased by 1.1 per cent over the past year to around $3.5 trillion at the end of March 2023. This reflected a rebound in financial markets over the December 2022 and March 2023 quarters and continued strong contribution inflows. Contribution flows were in part driven by the Superannuation Guarantee (SG) increase to 10.5 per cent from 1 July 2022 and strong employment.

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