The null hypothesis is written as an inequality to account for superannuation investment rules restricting funds to long-only investments.
Australians are closely tied to the system of superannuation.
The performance of the actual superannuation portfolios is worse than the asset-class-diversified random selections for all but the high-mandate group.
Sometimes, under implemented consulting arrangements, the asset consultant also engages the investment managers for the superannuation fund.
Section 4 describes the database of superannuation fund investment portfolios we use for testing, outlines the empirical tests and presents results.
This far exceeds the superannuation industry average16 member account balances of about $26,000.
Here we explore an adjustment of replacement rates to ensure that the different superannuation funds are balanced at each date.
He recommends a taxable universal pension from age 65 years, associated with increased tax on larger superannuation benefits.
