Australian DC pensions: post-consolidation
The UK defined contribution (DC) pension market is well behind its Australian counterpart in many aspects. In a new series of blogs, we highlight the advancements the Australian DC pension market has made, and what this could mean for the UK in the future. In this first part, we focus on consolidation.
When we talk about DC pension fund consolidation in the UK, Australia’s superannuation system is often held up as an example to follow. The UK market is clearly tracking the Australian market and bilateral conversations between senior leaders in the two countries occur regularly.
Recent developments in the market’s consolidation and its regulator’s push for innovation in the at-retirement market can be useful in helping to better inform the UK market.
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