Australia's pension funds have exceeded A$4 trillion ($2.6 trillion) in assets, driven by a surge in inflows from compulsory contributions. The sector experienced a 13.4% growth over the year ending in September, with total assets reaching A$4.1 trillion and contributions rising by 13.1% to A$191 billion.
Retirement savers in Australia can now access detailed data on expenses from the country's leading pension funds, following a new release from the Australian Prudential Regulation Authority. This initiative aims to enhance transparency regarding costs, including marketing and executive remuneration, and will assist APRA in monitoring potentially deficient practices.
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