Australian Pension Mega Funds Predicted to Reach $9 Trillion Control

Massive pension funds are set to dominate Australia’s retirement system, with a forecast of assets reaching $13.6 trillion by 2048, as per a Mercer report. The report anticipates a dozen funds to control over $100 billion each by 2028, amidst mergers and performance boosts. Regulators’ pressure may reduce funds from 107 to 77 in five years, halving in the next decade.