Скачать или смотреть Super is the solution to COVID-19 recovery: Anthony Pratt

Visy Industries Executive Chairman Anthony Pratt has told Sky News superannuation is the key to fund the long-term economic recovery from COVID-19.

Mr Pratt said the US is leading the way in critical super fund lending, which holds the key to recovery.

“In America 40 per cent of all pension fund investment is lending to companies like (Visy Industries),” he said.

“In Australia only one per cent of superannuation funds are lent, the rest of it is equity invested.

Mr Pratt said Super funds lending to Australian companies is a “great opportunity” to ensure recovery, as the value of super will be close to $7 trillion by 2030, which he said is three times the size of the Australian economy.

Image: News Corp Australia