When the United States – the world’s largest economy – looks to emulate Australia’s $4.5 trillion superannuation system, it’s a compelling testament to the model’s virtues. The retirement framework, established more than three decades ago by then-Prime Minister Paul Keating, now stands as the fourth-largest pension pool globally and one of the fastest-growing financial sectors in major markets.It’s a point that was driven home by Prime Minister Anthony Albanese at the tenth annual Australian Financial Review Superannuation Lending Roundtable, where he noted that the sheer scale of the system now provided Australia a vehicle for global economic influence, essentially “using hard money to provide soft power” to the United States and more recently India through AustralianSuper’s $500 million contribution to the Indian Infrastructure Fund.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles