Lessons From Australian Pension Reform

As Ireland trundles ever closer to the implementation of Auto-enrolment there has naturally been a lot of discussion on the experiences of a similar process in the U.K. We can also learn a lot from Australia’s pension market which has transformed drastically in the last 20 years. Australia boasts the fifth-largest pension market in the world, with assets under management of AUD 3.5 trillion (EUR 2.3 trillion) at the end of 2022.

How can such a small country (by population) have such a successful pension system? In the latest edition of the FM Report, ITL's Eoin Hassett shares some of the learnings from the Australian system that may be beneficial here.

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*Please note this content is the view of the author and not of Independent Trustee Company