SMSF accounts in accumulation phase are projected to hold $236 billion in funds under management (FUM) and comprise 9 per cent of total assets by 2026, down from 14 per cent in 2016, according to the latest figures from DEXX&R.
In contrast, employer super and industry super were projected to have the highest growth rates over the next 10 years.
The research house’s “Market Projections Report” revealed employer super is predicted to hold $329 billion of total FUM in 2026, 13 per cent of total assets, up from 11 per cent in 2016.
Personal super accounts could hold $399 billion in total FUM in 2026, 16 per cent of total assets, up from 15 per cent in 2016.
Meanwhile, industry super fund accumulation accounts are projected to hold $913 billion in 2026, 37 per cent of total assets, up from 34 per cent.
By December 2026, total superannuation accumulation-phase FUM is projected to increase by an average annual growth rate of 6.3 per cent to $2.82 trillion.
When it came to retirement income market projections, DEXX&R said SMSF pension accounts were expected to hold $645 billion in FUM, 47 per cent of total retirement income assets in 2026, down from 60 per cent in 2016.
The new report provided projections for each segment in the superannuation, retirement, retail (non-super) investment, wholesale investment, and individual and group risk markets.
