Aussie Pension Fund Adds Options on Selloff Risks, Outflows Bloomberg 12/23/2020 Matthew Burgess (Bloomberg) -- An Australian pension fund for police officers is churning its portfolio faster and using more derivatives to help manage risks from outflows, highlighting a wider challenge looming for the nation’s A$2.9 trillion ($2.2 trillion) retirement savings industry. Australia’s population is aging and more people in coming years will start to draw down their savings as their working lives end, which will require pension funds to be more nimble, according to John Livanas, chief executive officer at SAS Trustee Corp., known as State Super. The fund closed to new members in 1992 and its existing savers are retired or close to retirement age.