Australia’s superannuation funds are getting bigger – and fewer. There were close to 400 funds in 2010. With mergers, it’s now closer to 120. By 2025, according to industry executives surveyed last year, there will be fewer than 50.
The portfolios of the two biggest super funds, AustralianSuper and Australian Retirement Trust, are bigger than even the federal government’s Future Fund Management Agency, which oversees the A$194 billion Future Fund and several other funds worth a total $242 billion.
