Global Centre of Excellence for Retirement Savings established by SMSFA

The SMSF Association is establishing a Global Centre of Excellence for Retirement Savings.

SMSFA CEO John Maroney made the announcement at the first SMSF 2017 Technical Day conference, in Sydney.

Maroney said the Centre will be a policy think tank providing thought leadership on key areas of the retirement savings market, including financial and non-financial issues. The Centre is expected to open before the end of the year.

“The range of topics will include the design of retirement incomes policies, behavioural economics and investment markets, aged care and mental capacity, indeed, all social, economic and community issues that have an influence on people having a dignified and secure retirement,” he said.

“The Centre, which will be based in Adelaide, will also act as a clearing house for existing literature and research into retirement issues, as well as commission and conduct relevant research into these areas via teams of experienced researchers, PhD students, industry participants and other interested parties.”

“The researchers will have access to data provided by network participants and other sources, with all research structured to provide genuine practical value to the industry.”

Maroney said the benefits of the research done by the Centre will include improved efficiency and effectiveness of the public policy for the superannuation system, with a particular focus on the SMSF sector.

“Another key priority will be to advance the technological architecture of the SMSF sector by providing an industry hub to develop data standards for SMSFs and new applications of IT to SMSF administration. This will pull together SMSF businesses, researchers, regulators and other industry participants to advance SMSF IT.”

As part of developing the Centre the SMSFA has begun discussions with several prominent Australians universities to get their input via an academic advisory group. Dr Phillip Dolan, currently an adjunct professor at Monash University and formerly dean of the UWA business school, has agreed to held establish the academic advisory group.

The Association also aims to involve financial institutions, other associations and SMSF service providers in the work of the Centre.

The SMSF Association is holding a series of Technical Days in capital cities in August:

  • Sydney 18 July
  • Brisbane 19 July
  • Melbourne 20 July
  • Adelaide 25 July
  • Perth 27 July

Further detail on the Technical Days is available here.

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