Are DC pension funds fit for purpose [in retirement]? Berle V Symposium Jeremy Cooper 13 May 2013.

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Presentation transcript:

Are DC pension funds fit for purpose [in retirement]? Berle V Symposium Jeremy Cooper 13 May 2013

Australia is a DC market 2

DB funds are typically cheaper to run 3

Source: OECD Global Pensions markets in focus (2010 data) July 2011 Australia Avg. exc. Australia Is super’s asset allocation a problem? Pension fund asset allocations for selected OECD countries 4

What retirees really want 5 Source: National Seniors Australia

Measure/manage 6

Climbing the mountain of super 7 Source: Challenger estimates Assumes 7% pa return in accumulation, 5% pa return in retirement Proportion of retirement ‘units’ accumulated by age

Dark pools 8

Baron Myners 9