OZ pension assets quadruple to A$1trn

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AUSTRALIA - Australian superannuation fund assets have quadrupled over the past 10 years to approximately A$1tn, according to Watson Wyatt Investment consulting.

Assets have grown around 15% annually over the past decade from 46% of the country’s GDP to 100%. The vast majority (91%) of Australia’s superannuation assets were in defined contribution funds, ...

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