Superannuation v2.0

Frédéric Blanc-Brude, Frédéric Ducoulombier: Latest research argues that the Australian superannuation industry could be further strengthened by the development of an industry-led reporting standard and certification scheme.

Author(s):

Frederic Blanc-Brude

Research Director at EDHEC-Risk Institute

Frederic Ducoulombier

Associate Professor at EDHEC Business School and Director of EDHEC Risk Institute-Asia

The study from EDHEC-Risk Institute sponsored by the AXA Investment Managers’ Research Chair on Regulation and Institutional Investment entitled, “Superannuation v2.0: Towards the Next Generation of Pension Funds in Australia”, examines recent developments in and opportunities for improvement of the defined contribution (DC) superannuation system in Australia, in light of recent regulatory efforts to further develop the framework for default options. The paper suggests improvements which could be implemented within existing DC super funds and argues for the design of a second generation of DC funds to achieve clear objectives at relevant horizons, using state-of-the-art risk management to deliver these outcomes with the highest probability. It also proposes a reporting and certification scheme of retirement solutions that would allow solution providers to signal to fund members which long-term investment solutions best match individual fund members’ post-retirement income needs, thereby assisting fund members to assess the relevance and suitability of retirement solutions in relation to their retirement goals such as, targeted retirement age and targeted retirement income. This research was supported by AXA Investment Managers as part of the “Regulation and Institutional Investment” research chair at EDHEC-Risk Institute and is the fifth research report in a series sponsored by AXA IM looking at retirement and pension solutions globally, previous reports can be accessed here.
Pdf
Superannuation v2.0...
(-1.00 B)
Type: EDHEC Publication
Date: le 25/06/2014
Extra information : For more information, please contact EDHEC Research and Development Department [ research@drd.edhec.edu ]
Research Cluster : Finance

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