Australia introduced the Superannuation Guarantee Levy (SGL) in 1992 as a major component of the retirement system. The SGL system requires employers to make contributions to an approved superannuation fund on behalf of employees as a percentage of wages with the contribution rate being...

The Council of Superannuation Custodians (2013) indicated that one of the objectives of the Superannuation Guarantee Levy (SGL) was to relieve pressure on the cost of the Age Pension system. This paper uses a life cycle approach together with a model that introduces volatility in the drivers...

The academic literature on pension governance is sparse and this book will fill some important gaps by bringing together original contributions from around the world on subjects related to the area. The book initially lays out the main frameworks for pension fund governance and then goes on to...