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T he I ntroduction of C hoice of S uperannuation F und : R esults to D ate
Author(s) -
CLARE ROSS
Publication year - 2006
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/j.1835-2561.2006.tb00039.x
Subject(s) - preparedness , investment fund , business , target date fund , fund accounting , legislation , fund administration , accounting , investment (military) , income fund , commonwealth , finance , open end fund , actuarial science , economics , politics , political science , management , law , market liquidity , corporate governance , financial accounting , accounting information system , institutional investor
Commonwealth legislation providing for choice of superannuation fund has now been in operation since 1 July 2005. This paper explores the extent to which employees have exercised choice in the period immediately following the implementation of fund choice. The data available suggest that choice of fund has had only a modest impact. However, while community awareness of superannuation has increased and the level of member attachment to the main superannuation fund has increased, a downturn in investment returns, and subsequently in member sentiment, could have a significant impact on member preparedness to choose another fund