Can the rapid rise of super funds pose risks to Australia's financial stability?
Australia’s central bank has raised concerns about the superannuation sector's rapid growth and its impact on financial stability. However, industry experts say the risks are nuanced, with safeguards already in place.
The Reserve Bank of Australia (RBA) has signalled caution on the rapid growth of Australia's superannuation sector, warning that it could pose risks to the country's financial stability.
In its September Financial Stability Review, the RBA highlighted the sector's increasing importance to the financial system, noting that it now makes up one-quarter of the system and has doubled in size over the past decade to A$3.9 trillion ($2.6 trillion).
Source: APRA/Morningstar
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