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Superannuation in Australia expected to grow to US$5 trillion – an opportunity for wealth managers; a challenge for ASIC

The superannuation industry in Australia is expected to grow from US$1.4 trillion to US$3 trillion over the next decade, and to US$5 trillion in the following decade, outpacing economic growth in the region by two times. This means more investors, more products, greater size of investment funds and, therefore, increased risk in the financial system, according to Greg Medcraft, chairman…

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