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Super pool to hit $14trn, but a handful of funds will control it

The superannuation industry will grow to be worth $13.6 trillion by 2048 – or 176 per cent of Australia’s GDP – but a continuously shrinking number of funds will control the nation’s retirement pool as “big super” cements its influence over the economy.

A new report by financial services company Mercer predicts just 77 super funds will exist within four years, down from 107 now and 232 in 2015.

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Hannah Wootton is a Rear Window columnist, based in Melbourne. Connect with Hannah on Twitter. Email Hannah at hannah.wootton@afr.com

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    Original URL: https://www.afr.com/policy/tax-and-super/super-pool-to-hit-nearly-14b-but-a-handful-of-funds-will-control-it-20240313-p5fc2k