Australian superannuation funds held almost $2.1 trillion in assets for financial year 2015/16.

Almost a third of that amount was in self-managed funds.

The Australian Prudential Regulation Authority (APRA) $621.7 billion (29.6%) was held in self-managed superannuation funds (SMSFs) in the last financial year.

$1.29 trillion was held in APRA-regulated super funds.

Exempt public sector superannuation schemes assets held another $132.21 billion, while life office statutory fund assets have $53.30 billion.

Retail funds are responsible for 26 per cent of the total, while industry funds hold 22.2 per cent.

APRA figures show there were 144 APRA-regulated licensees responsible for managing funds with more than four members at the end of findancial year 2015/16, with an annual rate of return of 2.9 per cent.

That leaves that five-year annualised rate at 7.4 per cent, and the 10-year rate 4.6 per cent.

The average member’s balance was $55,777, for which members paid $12.58 billion in fees.