Representative arrangements are widely employed in the governance of occupational pension funds, particularly in Australia where a sector of jointly employer/employee-sponsored ‘industry funds’ was established during the 1980s. The jointly… Click to show full abstract
Representative arrangements are widely employed in the governance of occupational pension funds, particularly in Australia where a sector of jointly employer/employee-sponsored ‘industry funds’ was established during the 1980s. The jointly governed industry funds are privately owned wealth-management businesses and have routinely outperformed the retirement-savings schemes run by the large listed for-profit providers. Seeking to understand why these examples of labourist ‘alternative organisations’ have outperformed more traditionally governed Australian wealth-management firms is the main purpose of this article.
               
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