Industry Superannuation Funds in Australia - Industry Market Research Report

Fortunate: Industry super fund assets are forecast to grow further, despite rising regulation

Industry super funds are not-for-profit superannuation funds that operate for the benefit of their members. Revenue for the Industry Superannuation Funds industry has risen strongly over the past five years despite significant volatility. Several events created volatility for the industry at the start of the period, including the UK's EU referendum, which caused significant fluctuations in industry revenue. The industry's investment performance fluctuated but improved overall throughout much of the period prior to the COVID-19 outbreak. However, volatility during the pandemic led to an investment loss for industry super funds in 2019-20. Investment returns are expected to rebound strongly over the two years through 2021-22. Overall, industry revenue is expected to rise at an annualised 21.9% over the five years through 2021-22, to $161.4 billion. This includes expected revenue growth of 10.0% in the current year.

Industry firms provide retirement benefits to its members, which are sometimes employed in specific industries, and are often not-for-profit superannuation funds. Industry revenue is represented by investment revenue.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.