Buttoning Up Australian Superannuation

8 Pages Posted: 1 Oct 2011

See all articles by Jack Gray

Jack Gray

University of Technology Sydney (UTS)

Bill Watson

First Super; Evans & Peck Pty Ltd

Date Written: September 21, 2011

Abstract

Missed opportunities flow from the Australian pension industry’s insularity. Trespassing into other industries should lead to new approaches and solutions. We would surely benefit from learning how regulated industries, such as airlines and pharmaceuticals, view and manage risks. This article compares Australia’s superannuation (a.k.a. pension) industry today to its auto industry 25 years ago.Then, a courageous minister, John Button, used market forces and government direction to successfully rationalize an industry suffering from overcapacity and poor quality. Today’s superannuation industry suffers in the same way; a similar rationalization would advantage fund members (and disadvantage most agents). The time has come to “button up” Australian superannuation.

Keywords: Auto Industry, Capacity, Choice, Pension Fund, Trustees

Suggested Citation

Gray, Jack and Watson, Bill, Buttoning Up Australian Superannuation (September 21, 2011). Rotman International Journal of Pension Management, Vol. 4, No. 2, p. 38, Fall 2011, Available at SSRN: https://ssrn.com/abstract=1936011

Jack Gray (Contact Author)

University of Technology Sydney (UTS) ( email )

15 Broadway, Ultimo
PO Box 123
Sydney, NSW 2007
Australia

Bill Watson

First Super ( email )

3/200 Arden Street
North Melbourne, 3051
Australia

Evans & Peck Pty Ltd ( email )

145 South Terrace
South Australia
Adelaide, 5000
Australia

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
62
Abstract Views
631
rank
430,373
PlumX Metrics