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Retail Superannuation Funds in Australia Industry Data and Analysis
The performance of the Retail Superannuation Funds industry has fluctuated significantly in recent years. Overall, industry-wide revenue is expected to fall at an average annualised 8.2% over the five years through 2025-26, and is expected to total $88.7 billion in 2025-26, when revenue is projected to climb by 1.4%. Industry revenue is highly volatile, and fluctuations in investment returns can cause revenue shocks. Due to this volatility, revenue is not an accurate representation of industry performance and size. Funds under administration (FUA) provide a better indication, and these are expected to rise at an annualised 1.9% over the five years through 2025-26, to $934.5 billion. Mandated increases in guaranteed super contribution rate have supported the industry. Still, the investment losses during the pandemic and APRA's early super release scheme have weighed on the performance of retail super funds.
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What's included in this industry analysis
IBISWorld's research coverage on the Retail Superannuation Funds industry in Australia includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released December 2025.
About this industry
What's this industry report about?
The Retail Superannuation Funds industry in Australia operates under the ANZSIC industry code OD5514. Industry firms provide retirement benefits to the general public on a commercial and for-profit basis. Funds with four or less members are excluded from the industry. Industry revenue is primarily made up from investment revenue. Related terms covered in the Retail Superannuation Funds industry in Australia include superannuation guarantee, self-managed super funds and funds under administration (fua).
What's included in this industry?
Products and services covered in Retail Superannuation Funds industry in Australia include Cash, Fixed income and Equities.
What companies are included in this industry?
Companies covered in the Retail Superannuation Funds industry in Australia include Insignia Financial, AMP and Colonial First State Investments.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Retail Superannuation Funds industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Retail Superannuation Funds industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Retail Superannuation Funds industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Retail Superannuation Funds industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Retail Superannuation Funds industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Retail Superannuation Funds industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Retail Superannuation Funds industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Retail Superannuation Funds industry in Australia.
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Frequently Asked Questions
What is the market size of the Retail Superannuation Funds industry in Australia in 2026?
The market size of the Retail Superannuation Funds industry in Australia is $88.7bn in 2026.
How many businesses are there in the Retail Superannuation Funds industry in Australia in 2025?
There are 52 businesses in the Retail Superannuation Funds industry in Australia, which has declined at a CAGR of 8.0 % between 2020 and 2025.
How may import tariffs affect the Retail Superannuation Funds industry in Australia?
The Retail Superannuation Funds industry in Australia is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Retail Superannuation Funds industry in Australia?
The Retail Superannuation Funds industry in Australia is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Retail Superannuation Funds industry in Australia grown or declined over the past 5 years?
The market size of the Retail Superannuation Funds industry in Australia has been declining at a CAGR of 8.2 % between 2020 and 2025.
What is the forecast growth of the Retail Superannuation Funds industry in Australia over the next 5 years?
Over the next five years, the Retail Superannuation Funds industry in Australia is expected to grow.
What are the biggest companies in the Retail Superannuation Funds industry in Australia?
The biggest companies operating in the Retail Superannuation Funds industry in Australia are Insignia Financial, AMP and Colonial First State Investments
What does the Retail Superannuation Funds industry in Australia include?
Equities and Property are part of the Retail Superannuation Funds industry in Australia.
Which companies have the highest market share in the Retail Superannuation Funds industry in Australia?
The company holding the most market share in the Retail Superannuation Funds industry in Australia is Insignia Financial.
How competitive is the Retail Superannuation Funds industry in Australia?
The level of competition is high and increasing in the Retail Superannuation Funds industry in Australia.
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