The science of su­per

Business First - - NEWS -

You don’t nor­mally think of science and su­per­an­nu­a­tion mix­ing too of­ten in the lab­o­ra­tory, but a new $9m re­search pro­gram be­tween CSIRO and four univer­si­ties is do­ing just that.

The CSIRO-Monash Su­per­an­nu­a­tion Re­search Clus­ter is built around a $3m Flag­ship Clus­ter Fund grant from CSIRO, and $3m in-kind re­search con­tri­bu­tion from univer­sity part­ners led by Monash Univer­sity. Another $3m will come from in­dus­try part­ners and gov­ern­ment agen­cies.

Aimed at ad­dress­ing two key themes of Su­per­an­nu­a­tion and the Econ­omy, and Aus­tralians Over 60, the clus­ter will bring to­gether re­searchers from Monash and Grif­fith Univer­si­ties, the Univer­sity of Western Aus­tralia and the Univer­sity of War­wick in the UK.

The Su­per­an­nu­a­tion Re­search Clus­ter will look at what are the op­ti­mal forms of as­set al­lo­ca­tion by su­per funds, and how will this im­pact on eco­nomic growth as the pool of funds un­der man­age­ment grows ever larger.

It will also in­ves­ti­gate what other prod­ucts and ser­vices could be made avail­able to re­tirees, and how can su­per funds con­tinue to as­sist their mem­bers post-re­tire­ment.

CSIRO Chair­man Si­mon McKeon said the clus­ter fit­ted well in CSIRO.

“This is an ex­cit­ing new de­vel­op­ment for our or­gan­i­sa­tion which pro­vides ad­vice on many of our na­tion’s most pro­found chal­lenges. For the first time we will be in­volved in re­search in su­per­an­nu­a­tion, an in­dus­try that is re­shap­ing our econ­omy as funds un­der man­age­ment grow ex­po­nen­tially,” Mr. McKeon said.

Pro­fes­sor Deb­o­rah Ral­ston, ex­ec­u­tive di­rec­tor of the Aus­tralian Cen­tre for Fi­nan­cial Stud­ies, drew the aca­demic re­search pro­gram to­gether for Monash.

“This high im­pact re­search will pro­vide an in­de­pen­dent ev­i­dence base to in­form pol­icy and pro­mote in­no­va­tion within the su­per­an­nu­a­tion sys­tem, which is shap­ing up to have a key in­flu­ence on the econ­omy and the lives of most Aus­tralians,” Pro­fes­sor Ral­ston said.

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