Post Retirement Funding in Australia

Asher, Anthony; Berry, Patricia; Boal, Andrew; Callan, Mike; Gribble, Jules; Heaser, Curtis; Humphries, Jeff; Graham, Kelly; Matterson, Wade; O'Donnell, Jim; Scully, Paul

doi:10.2139/ssrn.2411259

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Post Retirement Funding in Australia

Actuaries Institute Actuaries Summit, May 2013

UNSW Australian School of Business Research Paper No. 2014ACTL03

50 Pages Posted: 27 Mar 2014

See all articles by Anthony Asher

Anthony Asher

University of New South Wales (UNSW) - School of Actuarial Studies

This discussion paper reviews the needs of Australian retirees for financial products and services especially annuity products and financial advice; how they are currently met in Australia; briefly evaluate some alternatives; and identify obstacles to greater annuitisation. These obstacles include the failure to frame the objectives of the system as retirement incomes rather than lump sums and regulatory impediments to deferred and pooled annuities commonly used in other countries.

Keywords: retirement incomes, annuities

JEL Classification: D14, G11, G22, H55

Suggested Citation: Suggested Citation

Asher, Anthony and Berry, Patricia and Boal, Andrew and Callan, Mike and Gribble, Jules and Heaser, Curtis and Humphries, Jeff and Graham, Kelly and Matterson, Wade and O'Donnell, Jim and Scully, Paul, Post Retirement Funding in Australia (May 20, 2013). Actuaries Institute Actuaries Summit, May 2013, UNSW Australian School of Business Research Paper No. 2014ACTL03, Available at SSRN: https://ssrn.com/abstract=2411259 or http://dx.doi.org/10.2139/ssrn.2411259