Two retirement systems, built on different assumptions about choice, competition and responsibility — and what each can still learn from the other.
This report compares Chile's AFP system and Australia's superannuation system across structure, governance, default design and member outcomes. It is written for asset managers, pension funds, policy teams and executives who already understand one of the two systems well, and want a credible, independent read on the other.
What's inside
Sections cover contribution design, competition and fees, default investment options, investment governance, and the behavioural incentives created by each structure — with a closing view on what reform conversations in each country tend to overlook about the other market.