The chief executive of Aware Super, one of the biggest funds down under, is briefing Keir Starmer on pension reforms

Deanne Stewart is in demand. The boss of one of Australia’s biggest pension funds, Aware Super, is just off the plane from Sydney when we meet, and has an appointment with Keir Starmer to discuss the merits of the Australian pension system.

Stewart holds up the country’s pension saving as a model for the UK. Starmer and Rachel Reeves ­evidently agree, judging by the chancellor’s Mansion House speech, in which she revealed plans to emulate Australia and Canada’s pension system by launching eight “megafunds”.