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Could super funds make the next financial crash worse?

The Australian Financial Review (AFR) •
October 26, 2026 • 08:25 AM
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As funds grapple with the broader challenge of maintaining financial stability, their efforts risk being undermined by Canberra’s constant temptation to tamper with the rules.

Could super funds make the next financial crash worse?

Monday’s Australian Financial Review Super & Wealth Summit brought into sharp focus a critical question: when the next market shock hits, will superannuation act as an economic shock absorber or a financial risk that amplifies the crash?

The question was discussed against the backdrop of a more hostile global terrain. The relapse into 19th-century mercantilist trade conflicts, speculative AI market “exuberance”, and AI-accelerated cybersecurity threats all present challenges to the stability of financial markets.

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