VicSuper has been graded as one of the world’s best pension funds, along with 16 other Australian pension funds, according to Willis Towers Watson research.
The research looked into the biggest pension funds on the planet that manage US$18.1 trillion in assets. The top 300 pension funds for 2017 has 17 Australian superannuation funds in it, with all those funds except one ranking higher than previous years.
In the past five years, Australia has seen two more of its funds tacked onto the rankings in the global hot list. Only the United States was in front of Australia in that respect. Most countries, including Canada, the United Kingdom, and Germany actually reduced numbers on the list.
The factors leading the increases were compulsory superannuation contributions, mergers, and relatively higher allocation to growth assets.