Australian annuities - from boom to bust

australia

Driven by trade union activism and government support, the Australian superannuation system exploded in size during the mid-1980s with the Australian Council of Trade Unions claiming that by 2004 more than 90% of workers had been enrolled in a ‘super’ scheme. Funded by compulsory employer contributions and voluntary employee top-ups, the scale of coverage means the collective assets of the supers stand at A$1.2 trillion (£680 million), according to the Australian Prudential Regulation Authority.

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: