AIST The Australian Institute of Superannuation Trustees (AIST) has today welcomed the release of the 2021 intergenerational report, which highlights the critical and pivotal role of compulsory superannuation in ensuring Australia is well placed to support its rapidly ageing population. AIST CEO Eva Scheerlinck said the report was a ringing endorsement of our maturing super system and the legislated timetable to increase the compulsory super rate to 12% by 1 July, 2025. “Treasury projections suggest that with 12 per cent super by 2025, the median superannuation balance at retirement will increase from around $125,000 in 2020-21 to around $460,000 in 2060-61 in today’s dollars. A super balance of this size will have huge impact on the future retirement outcomes of ordinary Australians who will benefit from greater financial security in retirement than the average retiree experiences today,” Ms Scheerlinck said.