04.07.2011 - Super acting like a SWF: Treasury
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
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