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Super growth predicted
Sydney-based research house Dexx&r has predicted that Australia’s superannuation market will increase by an annual growth rate of 9.1 per cent to be worth more than $2.7 trillion by 2019.
In an analysis released this week, Dexx&r suggested that much of the growth would be driven by increased growth within the employer, industry and personal superannuation segments.
It said the employer super sector was projected to increase by $189 billion, the industry fund sector by $363 billion and the personal super sector by $187 billion over the 10-year period.
The Dexx&r analysis also projected the retirement incomes market to grow by 11.4 per cent a year to $275 billion. It added that this would be driven by an increase in the number of people entering retirement over the 10-year period.
AUTHOR
Mike Taylor
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