Design of Mysuper Default Funds: Influences and Outcomes

39 Pages Posted: 19 Mar 2020

See all articles by Adam Butt

Adam Butt

Australian National University - Research School of Finance, Actuarial Studies & Statistics

M. Scott Donald

UNSW Law

F. Douglas Foster

The University of Sydney - Discipline of Finance; Financial Research Network (FIRN)

Susan Thorp

The University of Sydney Business School

Geoffrey J. Warren

Centre for International Finance and Regulation (CIFR)

Multiple version iconThere are 2 versions of this paper

Date Written: March 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 generates 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

Suggested Citation

Butt, Adam and Donald, M. Scott and Foster, F. Douglas and Thorp, Susan and Warren, Geoffrey J., Design of Mysuper Default Funds: Influences and Outcomes (March 2017). Accounting & Finance, Vol. 57, Issue 1, pp. 47-85, 2017. Available at SSRN: https://ssrn.com/abstract=3556036 or http://dx.doi.org/10.1111/acfi.12134

Adam Butt (Contact Author)

Australian National University - Research School of Finance, Actuarial Studies & Statistics ( email )

Canberra, Australian Capital Territory 2601
Australia

M. Scott Donald

UNSW Law ( email )

Kensington, New South Wales 2052
Australia

F. Douglas Foster

The University of Sydney - Discipline of Finance ( email )

P.O. Box H58
Sydney, NSW 2006
Australia

Financial Research Network (FIRN) ( email )

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

Susan Thorp

The University of Sydney Business School ( email )

Abercrombie Building
H70
The University Of Sydney, NSW 2006
Australia
0290366354 (Phone)

Geoffrey J. Warren

Centre for International Finance and Regulation (CIFR)

Level 7, UNSW CBD Campus
1 O'Connell Street
Sydney, NSW 2000
Australia

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