Australia's super industry an incredible experiment: State Super CEO
The combined value of assets held by Australia’s super funds is 50% higher than the total GDP of the entire country, intensifying the need for strong regulation and new investment opportunities.
Australia’s superannuation industry faces a unique set of challenges from both a regulatory and economic standpoint.
“The system is well regulated and it’s fairly difficult for things to go terribly wrong — but not impossible. The whole industry is still really an incredible experiment,” said John Livanas, chief executive of State Super, a closed defined benefit fund with A$40 billion in assets that is regulated by the New South Wales state government.
With a population of aro…
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