Over the past ten years to December 2013 Australian superannuation funds have experienced a growth rate in assets of 14% per annum, making Australia the fastest-growing large pension market in the world .
According to the Towers Watson Global Pension Assets Study, the Australian market is also the world's fourth-largest superannuation market with over US$1.6 trillion in assets and when compared with the world's seven largest super nations, Australia has the second-largest allocation to equities.
The rankings are quite phenomenal when you consider the size of our economy and highlight the effect a constant inflow of funds from defined contributions schemes has. It's this tailwind which investors planning for a comfortable retirement can benefit from.
Financial service companies such as fund managers Magellan Financial Group Ltd (ASX: MFG) and Platinum Asset Management Limited (ASX: PTM) along with financial advisory businesses such as Yellow Brick Road Holdings Ltd (ASX: YBR) and AMP Limited (ASX: AMP) are well positioned businesses, which appear to be in the right place at the right time and stand to be major winners from the superannuation growth trend.
