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Saturday, 12 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 Su-per 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 pres-sure on taxpayers. Key policy settings—universal coverage, compulsory con-tributions, and preservation until retirement - drive its success. A super fund delegation is in the US seeking global investment opportunities to grow mem-bers’ retirement savings further.
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Michael Walls
michael@accessnews.com.au
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