Australian assets close in on landmark

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Total assets in the Australian pension industry have inched closer to the magic half-a-trillion mark, growing by 12.9% in the year to December 2000 to reach A$495.3bn.

The latest figures from the Australian Prudential Regulation Authority (APRA) show total assets in the pension industry grew by A$6.4bn in the three months to December and by A$56.6bn in calendar y...

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