$2 trillion reasons why
To say Australia’s super industry is big business is the understatement of the century. According to a comprehensive report by Superannuation Assets Actuaries and Consultants Deloite, current modelling of the Australian superannuation industry sees combined funds growing to $9.5 trillion over the next 20 years. Deloitte Superannuation Leader Russell Mason, said in real terms this means that the contribution of superannuation assets will almost double from 120% of current annual Gross Domestic Product (AUD$1.6 trillion - the 12th largest GDP in the world) to more than 200% of GDP in the next 20 years.
Partnering your ambition
AustralianSuper is a not-for-profit fund provider that places members’ interests first. Most people are familiar with the ‘Compare the Pair’ super campaign that demonstrates the difference in financial performance for an industry superfund compared to others. Industry funds are multi-employer funds run by employer associations on behalf of members, and differ to other types of funds that attract fees and service charges.