Independence and the Governance of Superannuation Funds - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Independence and the Governance of Superannuation Funds write by M. Scott Donald. This book was released on 2016. Independence and the Governance of Superannuation Funds available in PDF, EPUB and Kindle. The failure of the Federal government's Superannuation Legislation Amendment (Trustee Governance) Bill 2015 to pass through the Senate in November 2015 means that the political spotlight has for the time being shifted away from the issue of independence on superannuation fund boards. This creates a valuable opportunity for further reflection on precisely what board member independence might offer the superannuation system.This paper aims to contribute to that deliberation. It introduces a variety of seminal concepts drawn from independence theory, reviews the growing literature on pension fund governance and maps the ways in which the regulatory regime currently aims to promote cognitive independence on the part of superannuation fund board members. It uses that as a foundation for deriving a more sophisticated, nuanced and ultimately more compelling rationale for the imposition of structural independence on superannuation fund boards. That rationale encompasses both a desire for improved decision-making by superannuation fund boards and a recognition of the valuable role that structural independence can play in inspiring confidence in the system. This confidence, in turn, can contribute to the legitimacy of a system in which participation, as a result of the Superannuation Guarantee, is almost compulsory. A second, complementary paper will evaluate the practical issues associated with using structural regulation specifically to achieve cognitive independence on superannuation fund boards.
Governance and Performance of Private Pension Funds
Governance and Performance of Private Pension Funds - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Governance and Performance of Private Pension Funds write by Kevin Liu. This book was released on 2014. Governance and Performance of Private Pension Funds available in PDF, EPUB and Kindle. The growing importance of private pension funds in the global financial, economic and public policy landscape has led to increasing regulatory and public interest in their governance and performance. Looking at the Australian private pension (superannuation) funds, this paper examines the impact of fund internal governance on investment performance. Utilising a unique dataset on Australian superannuation fund board attributes and director characteristics, we find that 1) board age diversity, 2) the presence of regular and independent review on performance and compliance, 3) non-busy board, and 4) directors' fund ownership, are positively associated with fund performance. We find no evidence that more independent directors or higher director compensation are linked to better performance.
Drawing the Ruler Over Board Performance Assessments
Drawing the Ruler Over Board Performance Assessments - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Drawing the Ruler Over Board Performance Assessments write by Suzanne M. Le Mire. This book was released on 2019. Drawing the Ruler Over Board Performance Assessments available in PDF, EPUB and Kindle. This article presents some of the feedback garnered as part of the authors' research project into the Independence and the Governance of Superannuation Funds in the context of the Australian Prudential and Regulation Authority's (APRA) recent findings from its thematic review of superannuation board governance practices. The authors posit that, even more important than regular board performance assessments, is the composition of the board, which some boards may be unable to control.
Governance of Public Pension Funds
Governance of Public Pension Funds - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Governance of Public Pension Funds write by Brian W. McCulloch. This book was released on 2003. Governance of Public Pension Funds available in PDF, EPUB and Kindle. Over the next fifty years or so, a permanently higher proportion of New Zealanders will become eligible to receive payments of New Zealand Superannuation. The New Zealand Superannuation Fund has been established to smooth the impact this will have on the rest of the Crown's finances. After briefly reviewing the context behind the policy and the policy objective, this paper examines the resulting key design elements of the governance framework for the New Zealand Superannuation Fund that attend to each element of that objective: clearly defining the Fund, placing an appropriate level of independence around the governing body, providing explicit legislated commercial investment objectives, and establishing a robust accountability framework. Finally, the paper briefly reviews the experience of implementation to date, and also summarises the arrangements surrounding the governance of other portfolios of financial assets owned by the Crown in New Zealand.
Pension fund governance
Pension fund governance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Pension fund governance write by Michael Orszag, John Evans, John Piggott. This book was released on 2008-06-30. Pension fund governance available in PDF, EPUB and Kindle. 'This collection of essays on a rapidly developing topic is a valuable addition to the field and the editors must be congratulated on beginning to bring the area to the attention of thinkers and government (not necessarily the same thing), who are charged with dealing with the challenge of controlling private pension provision.' - Robin Ellison, Pensions
