The impressive growth enjoyed by superannuation funds in the past, and most notably in the last 2-3 years, derived from strong contribution inflows and investment returns, has not given rise to any liquidity concerns, individual exceptions notwithstanding. However this may well change in future as a result of demographic, legislative and social factors, and Fund Trustees need to ensure that they have built sufficient flexibility into their respective funds to ensure they can meet their fiduciary obligations as well as member expectations.

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