Message from the Minister 2017 | Melbourne Mercer Global Pension Index : Melbourne Mercer Global Pension Index


Message from the Minister 2017


The Victorian Government is once again pleased to support the 2017 Melbourne Mercer Global Pension Index. Now in its ninth year, the Index continues to bring together government, industry and academia to provide valuable insights on pension systems around the world.

The Index is the foremost publication of its kind and internationally regarded amongst global policy makers. Since its inception in 2009, the Index has grown in scope and global reach, having expanded from an initial 11 countries to the current 30. The Index now spans a broad cross-section of countries across the Americas, Europe, the Asia-Pacific and for the first time this year, has been extended to include Norway, New Zealand and Colombia.

As an internationally regarded report, the Index is testament to Victoria’s financial services capabilities and research expertise. Financial services accounts for over 10 per cent of Victoria’s total economic output, the largest contribution of any sector, and employs over 116,000 Victorians. As Australia’s premier funds management market, Victoria is home to six of Australia’s top twelve pension funds and 60 per cent of Australian industry pension funds under management. Victoria is also home to Australia’s sovereign wealth fund, the $133 billion Future Fund, as well as the Victorian Funds Management Corporation and Treasury Corporation Victoria, each with $52 billion funds under management. With Australia’s pension system the fourth largest in the world, Victoria’s capabilities are world leading.

The Victorian Government recognises the strength of Victoria’s financial services sector and the vital role it plays in ensuring our State’s future economic prosperity. We are continuing to work closely with the financial services sector to deliver continued expansion, investment and jobs growth.

The 2017 Melbourne Mercer Global Pension Index reflects the collaborative efforts of the Victorian Government, industry and academia. I commend the Australian Centre for Financial Studies and Mercer on the 2017 Melbourne Mercer Global Pension Index, and the continued success of the Index in promoting international policy reform and best practice.

WADE NOONAN MP
Minister for Industry and Employment

Melbourne Victoria Aust pms 2765 rgb


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Link to Victorian Government (Victoria Online) the Mercer Australian website Australian Centre for Financial Studies