Jun 5, 2026 – 5.00amAustralians transferred nearly $8 billion out of the country’s largest pension funds and into self-managed alternatives over the past financial year, accelerating a trend that analysts say shows broader disengagement and complacency across the retirement income industry.Analysis of Australian Prudential Regulation Authority data by Elula – an AI software developer for the financial services sector – shows net transfers to SMSFs increased 40 per cent in the year to June 30, 2025, with $2.8 billion leaving dominant players AustralianSuper and Australian Retirement Trust.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
‘Complacent’ superannuation giants lose $8b in flight to SMSFs
Transfers to SMSFs increased 40 per cent in the year to June with $2.8 billion leaving superannuation giants AustralianSuper and Australian Retirement Trust.
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