Lessons from the GFC

Australia’s superannuation system is one of our nation’s great public policy success stories. With more than $1.3 trillion in assets it underpins Australia’s standing as the world’s 4th largest pool of funds under management. While our diverse and well-regulated superannuation system was credited with helping Australia weather the Global Financial Crisis better than other advanced economies, the global nature of investment resulted in members losing a substantial proportion of their retirement savings in the market turmoil.

David Whiteley, Chief Executive of Industry Super Network, addressed the question of whether there is a more proactive role the superannuation industry can play in reducing systemic risk through global engagement and co-operation?

See omnystudio.com/listener for privacy information.