"It's bucking the trend internationally. Most OECD countries are [spending] 9 per cent and growing, and they will be above 10 per cent by 2060."
Loading...
"The Australian system is mandatory, and it will surpass the UK and Canada within the next five to seven years, so we will end up being the second-largest pool of capital in the world."
"The superannuation sector's significant growth, rising connectedness with banks and increasing footprint in financial markets creates new risks, including the ability to amplify shocks."
"We can fund companies, we can fund investments. We could fund banks to help them through liquidity needs in the event of a crisis … a large pool of capital provides stability to the financial system."
"Reports including the Intergenerational Report show owning your own home historically plays an important role in supporting retirement outcomes for Australians."