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Design of M y S uper default funds: influences and outcomes
Author(s) -
Butt Adam,
Donald M. Scott,
Foster F. Douglas,
Thorp Susan,
Warren Geoffrey J.
Publication year - 2017
Publication title -
accounting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.645
H-Index - 49
eISSN - 1467-629X
pISSN - 0810-5391
DOI - 10.1111/acfi.12134
Subject(s) - business , product (mathematics) , perception , finance , marketing , psychology , geometry , mathematics , neuroscience
We interview A ustralian fund executives about how their organisations responded to M y S uper, 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 M y S uper 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.