Qantas Fuel Supplies Assured Well Into April
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Good morning, and welcome back. We begin today with a look at Australia’s pension industry, which is undergoing a dramatic reshaping.
Assets are on track to reach A$5.7 trillion by the end of the decade, while consolidation is rapidly shrinking the number of funds, according to a new study from Mercer. The sector is expected to contract from about 75 funds today to roughly 45 by 2030, falling further to around 30 by 2035. By 2050, just 20 funds could dominate the landscape, controlling an estimated A$15 trillion.