Is Pension Fund Collaboration Possible and Sustainable? Insights from Australian Experience

19 Pages Posted: 1 Apr 2009

See all articles by Christine A. Brown

Christine A. Brown

Department of Banking and Finance; Financial Research Network (FIRN)

Kevin Thomas Davis

University of Melbourne - Department of Finance; Australian Centre for Financial Studies

Date Written: April 1, 2009

Abstract

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

Brown, Christine A. and Davis, Kevin Thomas, Is Pension Fund Collaboration Possible and Sustainable? Insights from Australian Experience (April 1, 2009). Available at SSRN: https://ssrn.com/abstract=1371452 or http://dx.doi.org/10.2139/ssrn.1371452

Christine A. Brown

Department of Banking and Finance ( email )

Building 11E
Clayton, Victoria 3800
Australia
+61 3 99031793 (Phone)
+61 3 99055475 (Fax)

Financial Research Network (FIRN)

C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia

HOME PAGE: www.firn.org.au

Kevin Thomas Davis (Contact Author)

University of Melbourne - Department of Finance ( email )

Faculty of Business and Economics
Parkville, Victoria 3010 3010
Australia
+613 8344 5098 (Phone)
+613 8344 6914 (Fax)

Australian Centre for Financial Studies ( email )

Level 46, 525 Collins St
Melbourne, Victoria 3079
Australia

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