Superannuation in Australia is acting like a sovereign wealth fund and is on track to boost savings each year by three per cent of GDP.

In a major speech last week on Compulsory Superannuation and National Saving, Treasury researchers David Gruen and Leigh Soding said that despite perceptions of low domestic savings rates, Australia’s 24% gross savings rate matches Germany’s and compared to other OECD countries is second only to Japan’s 26%……………………………………….Full Article: Source