Australia’s superannuation sector is facing an approaching demographic cliff, according to a warning from Marc Rowan, CEO of Wall Street asset manager Apollo Global Management. Rowan argues that while Australia has enjoyed significant benefits from falling interest rates, rising commodity prices, and globalization, there is a need for the wealth industry to recognize that these trends may have peaked or even reversed.
![Marc Rowan, CEO of Apollo Global Management, highlights the need for Australia's superannuation sector to adapt to changing circumstances. Photo: Ben Trussard/Shutterstock](https://krugmaninsights.com/wp-content/uploads/2023/08/apollo-96.webp)