Management and Regulation of Pension Schemes
Routledge (Verlag)
978-1-138-28779-2 (ISBN)
Australia introduced compulsory superannuation contributions for its working population in 1991, leading to a proliferation of funded schemes that are largely run by the private sector. Complexity, and many degrees of separation between fund members and those who manage their funds, have emerged as serious problems. Combined with weak competitive pressures and governance systems, and insufficient legal and regulatory constraints, the result is a system that does not serve its members well.
This book provides a detailed evaluation of the Australian experience, highlights the extent to which the financial services industry has extracted rents from Australian pensioners, and how and why this occurred. Based on original empirical research, and examination of industry reviews and relevant literature, the book demonstrates the numerous principal–agent, conflict of interest and rent extraction problems that have emerged in Australia. The book makes suggestions for how these problems can be addressed in Australia, and also provides lessons for other countries wishing to enact pension reform.
Dr. Nicholas Morris is an adjunct professor in the law faculties of UNSW, Sydney, and Latrobe, Melbourne; a visiting fellow at the Martin School, Oxford; and a guest professor at the China Executive Leadership Academy, Pudong, China. He has been Deputy Director of the UK Institute for Fiscal Studies; Chief Executive and Chairman of various economic consultancies including London Economics; a visiting fellow at Balliol and St Anthony’s Colleges in Oxford, and at Melbourne University; and has led numerous projects in developing countries.
Chapter 1: Introduction
Chapter 2: System Design and Problems
Chapter 3: The Evolution of the Australian Pension System
Chapter 4: Empirical evidence on costs and performance
Chapter 5: Lessons from Australia
Chapter 6: What can be done now
Chapter 7: Conclusions
Erscheinungsdatum | 08.05.2018 |
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Reihe/Serie | Routledge Research in Finance and Banking Law |
Zusatzinfo | 13 Tables, black and white; 5 Illustrations, black and white |
Verlagsort | London |
Sprache | englisch |
Maße | 156 x 234 mm |
Gewicht | 476 g |
Themenwelt | Recht / Steuern ► EU / Internationales Recht |
Recht / Steuern ► Wirtschaftsrecht ► Bank- und Kapitalmarktrecht | |
Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
ISBN-10 | 1-138-28779-2 / 1138287792 |
ISBN-13 | 978-1-138-28779-2 / 9781138287792 |
Zustand | Neuware |
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