Is Pension Fund Collaboration Possible and Sustainable? Insights from Australian Experience
19 Pages Posted: 1 Apr 2009
Date Written: April 1, 2009
The design of national pension systems can have substantial influence upon the way in which financial sectors evolve. While economies of scale may appear to preclude certain design options involving a nascent industry comprising small private sector pension funds, collaboration provides scope for offsetting such concerns. The growth of the Australian superannuation sector, involving the creation and development of "non-profit", representative trustee, industry funds provides a useful case study in this regard. The paper examines collaboration by Australian industry funds in the context of the sector's growth and development and considers the longer run sustainability of various elements of that collaboration.
Keywords: Pension Funds, Superannuation, Collaboration, Economies of Scale
JEL Classification: G23, H55, L24
Suggested Citation: Suggested Citation