Design of Mysuper Default Funds: Influences and Outcomes
Accounting and Finance, 57(1), 47-85
Posted: 8 Oct 2015 Last revised: 13 Dec 2017
Date Written: 2017
Abstract
We interview Australian fund executives about how their organisations responded to MySuper, a regulatory framework for default retirement savings funds that providers were required to have in place by the beginning of 2014. We provide an account of the influences on MySuper product design. Our analysis provides insight into how fund providers balanced their perceptions of the needs of default fund members against business considerations. Differences in member bases and organisational circumstances across funds are found to lead to considerable variation in default fund design.
Keywords: pension funds, default investment products, investor needs, regulation
JEL Classification: G11, G23, G02
Suggested Citation: Suggested Citation
Adam Butt (Contact Author)
Australian National University - Research School of Finance, Actuarial Studies & Statistics ( email )
Canberra, Australian Capital Territory 2601
Australia
Financial Research Network (FIRN) ( email )
C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia