Superannuation Funds in New Zealand - Industry Market Research Report

Saving grace: Industry assets continue growing despite global financial volatility

Revenue for the Superannuation Funds industry has grown strongly over most of the past five years, due to increasing contributions and investment revenue. Increasing membership numbers and contributions have supported growth in the KiwiSaver scheme and greatly boosted industry assets. Industry revenue is expected to rise at an annualised 10.0% over the five years through 2022-23 to $32.0 billion. This result includes an expected decline of 12.0% in the current year due to volatility in global financial markets. Industry assets, which provide a more accurate measure of industry performance and size, are anticipated to grow at an annualised 8.6% over the five years through 2022-23, to reach $131.9 billion. Industry operators primarily operate superannuation and KiwiSaver schemes. These include private, employer, retail and self-managed superannuation schemes. 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 key players and their market shares.