SYDNEY, Jan. 30 -- Australian Prudential Regulation Authority issued the following media release:
The Australian Prudential Regulatory Authority (APRA) has published its annual superannuation statistics publications for 2024. For the first time, these annual publications include fund-level expenditure and detailed insurance data which will form part of the publications going forward. The firstrelease of expenditure data occurred in October last year.
On expenditure, the new data shows that total industry expenditure was $12.7 billion for theyear ending June 2024, an increase of 15 per cent from the financial year ending June 2023. This increase slightly exceeds growth in assets across the industry over the same period.
As outlined in al...