Blog: Australia’s Growing Pension Savings Pool Creates Demand for Lawyers – International

Corporate law firms in Australia are bolstering their superannuation capabilities as the continued growth of Australia’s giant retirement savings pool and ongoing regulatory change create more demand for related legal work.

Employers in Australia are required to contribute the equivalent of 10% of staff wages to the staff’s pension funds, pushing the nation’s total retirement savings balance to A$3.4 trillion ($2.4 billion), according to the Association of Superannuation Funds of Australia.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s