Financial engineering for Australian annuitants

Susan Thorp, Geoffrey Kingston and Hazel Bateman

Chapter 7 in Retirement Provision in Scary Markets, 2007 from Edward Elgar Publishing

Abstract: The past few decades have witnessed a global move towards private provision for retirement through individual defined contribution pensions at the expense of publicly provided and employer-sponsored defined benefit pensions. As a consequence, workers and retirees are becoming increasingly exposed to uncertainties in financial, labour and economic markets. The contributors to this book analyse the implications for retirement income policy, workers and retirees in view of the current climate of heightened exposure to scary markets. The implications of a broad range of scary market scenarios are presented, and novel solutions prescribed. Retirement incomes across a number of countries including the US, the UK, Japan and Australia are explored.

Keywords: Economics and Finance; Social Policy and Sociology (search for similar items in EconPapers)
Date: 2007
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