AustralianSuper bets $40bn at home, calls on government to deliver investable projects

InvestorDaily

In an address to the National Press Club on Wednesday, Schroder said the sector is entering a pivotal phase, with two-and-a-half million Australians set to retire by 2035. “It is more than a wave, it is a tsunami of working Australians about to retire,” he said. “Some planning, some preparing, and so many not sure what to do. This is what I’m thinking about – how can we deliver for them, so they all live well in retirement?” Highlighting AustralianSuper’s domestic investment pipeline, Schroder outlined a blueprint for governments and super funds to work together to ensure funds can continue to “create wealth and prosperity for working Australians and underpin the Australian economy”.

While stressing the fund’s $40 billion commitment and super’s overall ability to contribute to “national renewal”, he cautioned against treating super as a “trillion-dollar fix-all” for national projects. “The potential for super to be an engine room of Australia’s sustained prosperity is unrealised,” the CEO said. “This isn’t and can’t be about government telling funds what to do. We must be clear-eyed about where inter ests align, and where they don’t.

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