澳大利亚强制年金管理模式分析

对澳大利亚强制年金的管理模式进行了系统而深入的分析,得出了一些重要结论:澳大利亚的受托人制度虽然有其优势,但由于需要一些外部条件,也许并不适合许多发展中国家;有收益率做保证加上合理的业绩评估方法有利于基金的长期增长,但无法避免一些人收入大幅度下降;高度分散化的管理模式特别是业务外包也许会提高管理成本;而扩大成员在投资领域的发言权更值得反思。

The Analysis of the Management Model of Australian Superannuation

From analyzing the model of Australian superannuation management systematically and deeply,this paper draws some important conclusions:Though the fiduciary system in Australia has its advantages,it is not likely suitable to many developing countries because it needs some exterior conditions;The reasonable method of performance evaluation with no guarantee of minimum benefit is favorable to the lasting growth of the funds,but can ' t avoid the substantial decline of retirement benefit for some people;The highly decentralized man - agement model is likely to increase administrative costs;It is worth rethinking to provide membership invest - ment choice.