the last word

Could venture capital be the key to super funds’ survival as borrowed time comes to an end?

Benjamin Chong, Partner, Right Click Capital

When Paul Keating kicked off compulsory superannuation contributions in 1992 at a modest 3 per cent, few would have foreseen that it was the birth of one of the most inclusive, and in the years to follow, one of the largest retirement savings systems in the world.

Fast forward 27 years and Australia’s superannuation system is now worth an estimated $2.7 trillion and is ranked as the fourth best in the world behind the Netherlands, Denmark and Finland. It also represents one of the fastest-growing retirement funds globally, currently at around 130 per cent of GDP. With compulsory contributions legislated to increase to 12 per cent by 2025-26 there have been estimates that the pot could quadruple in size in the next 10 to 20 years…

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