We examine how executives from the Australian superannuation industry perceive and approach the choice between managing assets in-house, versus outsourcing to external investment managers. We find that decision frameworks, as well as the perceived benefits and challenges of in-house management, can be described in terms of four elements: costs, capabilities, alignment and governance. Industry participants address these four elements in diverse ways. This is reflected in a variety of decision approaches, aspects that are considered and emphasised in decision-making, and implementation structures.
|Number of pages||41|
|Journal||Accounting and Finance|
|Early online date||8 Feb 2017|
|Publication status||Published - Apr 2019|
- In-sourcing versus outsourcing
- Portfolio construction
- Superannuation funds