The Victorian Government is proud to support the Melbourne Mercer Global Pension Index, an outstanding example of government, industry and academia working together on research of global significance.
Now in its fifth year, the Index’s global reach highlights to investment professionals and policy makers internationally Melbourne’s significant role in pension fund investment. Since its inception in 2009 the Index has increased its research coverage from 11 countries to 20 countries in 2013, growing its role as a relevant and reliable source of information.
Home to the major Industry private pension funds, asset consultants and leading commercial funds, Melbourne is headquarters to eight of Australia’s top 15 pension funds, as well as the A$85 billion Future Fund.
Over the past five years, Australia’s managed funds sector has grown significantly from A$1.7 trillion to around A$2 trillion. Victoria’s financial sector is now the largest contributor to Gross State Product and employs over 110,000 individuals.
This growth is reflected by an increasing number of international financial services firms establishing and expanding their operations in the State including Mercer (US), Amanie Advisors (Malaysia), ICBC (China), Bank of China (China), and Northern Trust (United States). Indeed Mercer’s new office in Melbourne’s Docklands is its third largest office globally, housing more than 1500 employees.
Victoria plays an important role in the development of leading edge financial services research through institutions such as the Au stralian Centre for Financial Studies and the recently launched CSIRO-Monash Superannuation Research Cluster.
I commend the Australian Centre for Financial Studies and Mercer on their excellent work in producing the 2013 Melbourne Mercer Global Pension Index.
THE HON LOUISE ASHER MP
Minister for Innovation, Services and Small Business
Minister for Employment and Trade
Minister for Tourism and Major Events