Long-term growth outlook positive for super: Dexx&r
The total superannuation market sector is projected to increase by an annual average growth rate of 8.43 per cent to $2.3 billion, according to the Dexx&r Market Projections Report.
By contrast, the report – which estimated growth in key market segments over the 10 years to 2018 – projects that the financial services market will grow annually at 8.06 per cent.
Within superannuation, the employer super, industry funds and personal super segments are projected to experience the strongest growth to 2018.
The employer sector is projected to increase by $180 billion, the industry sector by $323 billion and the personal super sector by $170 billion.
However, the report found short-term growth in each of the key investment markets will be affected by the current downturn in equities and property.
In-force business in the risk market is also expected to grow at a rate of 14.4 per cent, from $7.1 billion to $27.3 billion in 2018.
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