Superannuation: Choice, Competition and Administration Cost Download

Description:

Australian superannuation is a funded pension system in which workers
accumulate assets in personal accounts held at one of over 20001
superannuation funds. A recognised problem of such systems is
administrative expense. However, policy makers rejected the option of a
more centralised structure when implementing Award and compulsory
super in the 1980s and early-1990s, due to it being inconsistent with the
approach of extending the coverage of existing employer superannuation
arrangements for public sector workers and private sector executives, and
because of claimed risk diversification benefits from a plural system
(Robinson, 1992: 8).

Submitted On:

29 Mar 2007

Submitted By:

admin (admin)

File Date:

29 Mar 2007

File Author:

Sacha Vidler

File Version:

v1

File Size:

74.16 Kb

File Type:

pdf

Downloads:

115