CSIRO and Monash Uni combine on super research
The CSIRO and Monash University have launched a specialist superannuation research cluster.
The two bodies announced the launch of the $9 million CSIRO-Monash Superannuation Research Cluster based around the $3 million Flagship Cluster Fund grant from the CSIRO, and a $3 million in-kind research contribution from university partners led by Monash University.
The announcement said another $3 million would come from industry partners and government agencies.
It said the cluster would be aimed at addressing two key themes of 'Superannuation and the Economy, and 'Australians Over 60' and would bring together researchers from Monash and Griffith Universities, the University of Western Australia and the University of Warwick in the UK.
The announcement said the academic research program had been drawn together for Monash by the executive director of the Australian Centre for Financial Studies, Professor Deborah Ralston, who claimed the cluster would provide high impact research to inform policy and promote innovation within the superannuation system.
The announcement said the Superannuation Research Cluster would address issues such as:
- What are the optimal forms of asset allocation by super funds, and how this impacts on economic growth as the pool of funds under management grows ever larger?
- What other products and services could be made available to retirees, and how can super funds continue to assist their members post-retirement?
Recommended for you
As YTD financial adviser growth approaches parity with 2023, Wealth Data’s Colin Williams is optimistic that adviser losses will be less severe than 2024 due to increasing steadiness in the profession.
Employers should not panic if remuneration budgets are too stretched to offer salary bumps, according to two recruiters, as staff say they are also attracted to a greater work-life balance when accepting a promotion.
AZ NGA subsidiary Nestworth, which recently acquired the financial advice business of Australian Unity, has appointed a former senior Insignia executive as CEO.
ASIC has flagged the 2022 case of RI Advice as an example of the need for cybersecurity measures within a financial services firm as chair Joe Longo warns a cyber attack "is almost inevitable".