Private pension laws in Australia concentrate considerable power and discretion in trustees. This paper reviews results from a detailed survey in 2004 of super trustees at the top 200 funds in Australia as well as an earlier pilot survey. The survey results indicate that super trustees emphasise...

The large declines in equity markets observed in the United Kingdom and the United States in 2001-2002 had a significant impact on the retirement funds of many individuals approaching retirement. This decline in markets and savings offers a natural experiment from which we examine how...