An excerpt from the presentation for the Women in Super Lunch - PowerPoint PPT Presentation

An excerpt from the presentation for the Women in Super Lunch /hollyransom coffeepodswithholly @hollyransom

75% of 28% of global workforces by financial assets by 2025 2030 US$8 trillion US$10 trillion spending power spending power Most profitable US $59 trillion consumer group for wealth transfer banks by 2028 Millennials, Mobile and Money, Scopellti 2016; 3MI 2017

Millennials more than doubled their share of the total super pie over the last 10 years- up $226 billion or 382%. Roy Morgan 2017

Satisfaction Levels with Superannuation Industry Roy Morgan 2017

ASFA ‘Young People and Super’; Centre for International Finance and Regulation (CIFR) and University of Melbourne (2014); MLC ‘Australia Today’ (2016)

Each year, the major banks spend >$1 billion each on IT but most is on legacy infrastructure. Fintech disrupters are using new software-controlled and data-driven tech, allowing them to radically reduce the cost of customer acquisition and marginal cost of servicing them to near zero.

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