Shadow banking provides investors with the means to isolate risks, transfer profits, avoid regulation and increase the range of money-like financial products available for investment.
The changes to superannuation discussed in the 1992-93 cabinet papers shaped the system we have today for better and worse.
Super is the wrong tool to provide an adequate support in retirement for low-income earners. Our research shows top-up measures to help this group are poorly targeted and too expensive.
Australian superannuation funds are joining the trend to invest in infrastructure because it's safer for industry members.