Winning by default.

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    • Abstract:
      The article discusses the result of a study by independent investment research firm Morningstar Inc., showing the performance of default investment option which demonstrates the status of product asset allocation in Australia. The study shows the factors contributing to the increase in default investment option in industries. The article also presents the views of Rice Warner Actuaries chief executive officer (CEO) Michael Rice and Deakin University financial lecturer Campbell Heggen.