Agency Costs on the Investment Performance of Australian Pension Funds Finance Essay
In Australia, the superannuation industry has undergone a rapid expansion since the introduction of a compulsory pension system in 1992. Superannuation assets grew from $245 billion to 942 billion in 10 years (Benson et al., 2010). Investors and consumers now have vast choice in their ability to pick a pension fund, ranging from non-profit funds, […]