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What Australian pensions can teach the UK about scale

The UK can pride itself on having the third largest pension system in the world, but the relative inefficiency of the UK defined contribution sector needs to be addressed, claims David Rowley who as a British journalist based in Sydney has spent the last three years reporting on Australian superannuation.

David Rowley

02 March 2016 • 7 min read

The UK can pride itself on having the third-largest pension system in the world, but the relative inefficiency of the UK defined contribution sector needs to be addressed, claims David Rowley who as a British journalist based in Sydney has spent the last three years reporting on Australian superannuation.

At a glance The UK may have the third-largest pension system in the world but it lacks scale. Fewer larger schemes are able to negotiate better deals with providers and asset managers. The...

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