Breaking superannuation into three different funding models may not be the right answer, former Lazard executive Rob Prugue writes, but at least it cuts through the fallacy at the heart of our superannuation ideal.
The scrutiny applied to internal managers rarely matches that applied to external managers, writes Rob Prugue. But underperformance is still underperformance, and if something goes wrong the member wears the risk.
As Australian superannuation assets approach A$4 trillion, politicians on both sides of the divide will be tempted to dip into this massive nest egg to meet their fiscal needs, writes Rob Prugue.
Advances in computer modelling have bred a false sense of comfort, writes Rob Prugue, as too many have stopped challenging econometric outputs and blindly implement them without truly understanding their consequences.
Despite their unprecedented nature, there has been little challenge to the conventional wisdom surrounding the profound shocks of the last two years. In his new monthly column, Rob Prugue shakes up the debate.
