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Australia and the United Kingdom have signed a Memorandum of Understanding (MoU) to support greater investment between superannuation and pension funds in both countries.
The MoU was signed on 16 April 2026 by the UK Chancellor of the Exchequer, Rachel Reeves, and the Australian Treasurer, Dr Jim Chalmers, during the Spring Meetings of the World Bank Group and the International Monetary Fund in Washington.
The agreement is voluntary and supports ongoing cooperation and sharing of expertise between the 2 governments.
What the MoU does
The MoU supports practical collaboration by:
- encouraging policy and regulatory discussions between governments
- sharing expertise on investment‑related policy and regulation
- identifying opportunities to reduce barriers to cross‑border investment
- building networks that help identify and support investment opportunities for pension and superannuation funds.
Why it matters
The partnership aims to make it easier for superannuation and pension funds to invest across borders. It supports investment decisions that are consistent with each fund’s duty to act in the best financial interests of its members.