Super industry ‘too big for Australia’, says AustralianSuper CEO Paul Schroder

AustralianSuper is pushing ahead with its overseas expansion as it seeks offshore assets. The superannuation industry is expected to continue its exponential growth and the fund will likely reach A$1 trillion within the decade, according to its chief executive. “The way we think about it is we are too big for Australia. There’s no question about that. More of our assets are managed outside Australia than they are inside. Six or seven of every 10th new dollars will be managed offsh…