Last month I had the opportunity to attend the UK Pension and Lifetime Savings Association (PLSA) Conference in Manchester and discuss Australia’s superannuation system with our global counterparts. Perhaps unsurprisingly, we are facing similar challenges as we develop our respective pension systems. Improving the post-retirement phase, increasing member engagement, responding to regulatory change and transitioning to a defined contribution system were issues that featured prominently at PLSA. On the latter issue, we are well advanced when compared with other global systems, as our transition to a compulsory defined contribution occurred much sooner. We are not constrained by the long tail...