Management and Regulation of Pension Schemes
Autor Nicholas Morrisen Limba Engleză Paperback – 30 iun 2020
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.
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Specificații
ISBN-13: 9780367591830
ISBN-10: 0367591839
Pagini: 220
Dimensiuni: 156 x 234 x 12 mm
Greutate: 0.31 kg
Editura: Taylor & Francis
ISBN-10: 0367591839
Pagini: 220
Dimensiuni: 156 x 234 x 12 mm
Greutate: 0.31 kg
Editura: Taylor & Francis