Superannuation in Australia

The National Assembly has passed a much-needed bill on long-term care, determining the scope of services to be provided by the state and introducing a new contribution to finance them. It will be paid by employers, employees and pensioners.

The total assets managed by the seven mandatory pension funds amounted to 61.87 billion lei at the end of April 2020, up by 18.4% compared to April 2019 and by 192.46% more than the value registered five years ago, according to an analysis made by the financial information platform about investment funds in Romania - SmartFin.ro.