Australia’s superannuation juggernaut lost a little of its legendary momentum in FY22 with a small reduction in fund assets, finds a new report from KPMG. In its annual Super Insights review, KPMG said that in the wake of volatile markets the sector recorded, on average, returns just below – 3 per cent in FY22, leading to a billion dollar fall in funds under management from $2.8 trillion in 2021 to $2.799 trillion in 2022.