From kpmg.com: The Australian superannuation industry reached $3.9 trillion in assets, with industry funds growing their market share from 38.2% to 40% at the expense of self-managed super funds.

Key trends include a focus on balancing expenditure with members’ best financial interests, while regulatory scrutiny is increasing regarding sustainability and fund performance.

The industry is also witnessing a rise in mega funds and evolving business models driven by market demands and member demographics.