Attributed collectively to representatives of the superannuation funds, investment managers and peak organisations attending the Superannuation Investment Summit, listed above
The Australian Super Summit has been an important opportunity to position and build awareness of Australia’s superannuation pool of savings. It has been a bid to create new investment opportunities for the millions of Australians who have investments in the United States through their super fund.
The Delegation has heard from two Trump Cabinet Secretaries, three State Governors and a number of leading investment and business leaders. We have learned their perspectives on the economic priorities of the new Administration, and the investment opportunities for super funds. We have also heard from, and engaged with, the senior leaders of some of the United States’ largest and most innovative companies, entrepreneurs and leading-edge researchers.
We look forward to continuing to uphold these relationships – and facilitating reciprocal opportunities for US investors and innovators to come to Australia.
Throughout the week, we have demonstrated superannuation as a distinctly different pool of capital – member focussed, long-term, reliable and from a trusted ally – and explained its scale and growth.
We thank Australia’s Ambassador to the United States of America, the Hon Dr Kevin Rudd AC, and Australia’s Consul-General in New York, Heather Ridout AO, for helping stage this important event.
By 2035 it is projected that millions of Australians will be investing a trillion US dollars in America through their super.
The reception from the US has been clear and constant: the Australian system is the envy of the world.
Its design is recognised as fundamental to its success: universal, compulsory and savings are preserved until retirement. These design features enable deployment of long-term capital into global markets, including infrastructure.
Australian super funds are scouring the world for the best opportunities to grow members’ retirement savings, in turn helping strengthen Australia’s economic and diplomatic ties and shoring up our growing influence on the international financial landscape.
In the US, through their super funds, Australians are now regarded as amongst the biggest and most sophisticated investors in the world.
Contact:
Patrick Lane (IFM Investors): 0437 884 010
James Dowling (SMC): 0429 437 851
Richard Garfield (ASFA): 0451 949 300
About the Association of Superannuation Funds of Australia (ASFA)
ASFA, the voice of super, has been operating since 1962 and is the peak policy, research and advocacy body for Australia’s superannuation industry. ASFA represents the APRA regulated superannuation industry with over 100 organisations as members from corporate, industry, retail and public sector funds, and service providers. We develop policy positions through collaboration with our diverse membership base and use our deep technical expertise and research capabilities to assist in advancing outcomes for Australians.
We unite the superannuation community, supporting our members with research, advocacy, education and collaboration to help Australians enjoy a dignified retirement. We promote effective practice and advocate for efficiency, sustainability and trust in our world-class retirement income system.
