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Sunday, 13 April 2025
Aussie superannuation passes UK, Canada
AUSTRALIA’S superannuation system is projected to become the world’s second largest by 2031, surpassing the UK and Canada, according to the Super Members Council. With $4.1 trillion in assets, the system is growing twice as fast as global peers, reducing reliance on the Age Pension and easing pressure on taxpayers. Key policy settings—universal coverage, compulsory contributions, and preservation until retirement – drive its success. A super fund delegation is in the US seeking global investment opportunities to grow members’ retirement savings further.
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Michael Walls
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