Structure and Responsibilities in Default Superannuation Funds: Influences and Effectiveness
The research examines the design of accumulation superannuation funds, with a particular focus on the default funds. Its primary objective is to develop a deeper understanding of: (a) the main influences on default fund architecture; (b) the extent to which current designs meet member objectives; (c) views about how fund structure should and could change; and (d) barriers to change. It involved interviewing key agents responsible for fund design - trustees, senior investment staff and consultants - with a following, broader survey. It aims to shed light on the role played by regulation, agency effects related to assessment and incentives, and organisational influences such as legacy, fund size, cost, etc.