Liquidity needs of superannuation funds

The superannuation industry has had phenomenal growth over the last 30 years, much of it attributable to the increasing mandatory employer contributions (now sitting at 9.5% of wages). The Rice Warner  Superannuation Market Projections Report 2019 showed that industry assets grew by nearly 10% a year in the decade to June 2019.  Although this rate is unsustainable in the long run, we did project (pre-coronavirus) a further 7% a year growth rate over the following 10 years.  That will need to be reviewed once we understand the full impact of the COVID-19 pandemic.