BlackRock’s Fink Looks to Australia for US Pensions Solution
- Australia likely has most retirement savings per capita: CEO
- Country’s pensions system now the world’s fourth largest
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BlackRock Inc.’s Larry Fink says the US should look to Australia’s pensions system for solutions after he warned of a looming retirement crisis facing the world’s no. 1 economy.
In his annual letter as chairman of the world’s top asset manager, Fink urged corporate leaders and lawmakers to pursue “an organized, high-level effort” to rethink retirement and held up Australian pensions — known as superannuation — as a “good model for American policymakers to study and build on.”