Data Alert: Australia Pension Funds – the Fifth Largest in the World 8 February 2010 Total assets of Australian superannuation funds rose by 8.5 per cent to an estimated A$1,115 billion (US$996 billion) in 2009, according to latest research from Towers Watson’s Global Pension Asset Study. This is A$88 billion, up from A$1,027 billion in 2008. Australian pension assets (in US$) were up from sixth to fifth spot in the global rankings. The size of Australia’s pension funds under management and the prospects for substantial growth should continue to draw global fund managers to establish or expand operations in Australia. The resultant clustering of activity, along with Australia’s highly skilled, multilingual workforce and its strong, stable regulatory environment will further enhance Australia’s position as the funds management hub for the region. Download Austrade Data Alert: Australia Pension Funds – the Fifth Largest in the World (PDF) More information |