Beneficiary, Investor, Citizen: Characterizing Australia's Super Fund Participants

Abstract

One of the primary objectives of the regulatory regime governing superannuation funds is to safeguard the interests of members. However members are implicitly characterized in different ways in different parts of the regulatory regime. This causes inconsistencies in the way different parts of the regime recognize the needs, interests and expectations of members. They also give rise to frictions where different parts of the regulatory regime overlap.

Keywords: retirement security, superannuation funds