Cultural advice

The Australian National University acknowledges, celebrates and pays our respects to the Ngunnawal and Ngambri people of the Canberra region and to all First Nations Australians on whose traditional lands we meet and work, and whose cultures are among the oldest continuing cultures in human history.

Aboriginal and Torres Strait Islander peoples are advised that ANU Library collections may include images, names, voices, and other representations of deceased persons.

Material in the collection may contain terms, language or views that reflect the period in which the item was created and may be considered inappropriate today.

How academic research can inform default superannuation fund design and individual financial decision-making

Simple item page
dc.contributor.authorButt, Adam
dc.contributor.authorKhemka, Gaurav
dc.contributor.authorStrickland, Luke
dc.date.accessioned2020-01-09T22:39:58Z
dc.date.issued2018
dc.date.updated2019-08-25T08:18:26Z
dc.description.abstractDefined contribution superannuation plans require fund members to make several decisions requiring a high level of financial expertise and participation. Most members do not have the expertise to make such decisions; hence, the onus falls on fund providers to offer default products that make the 'best' decision for their members, In this paper, we demonstrate mathematical tools that can assist in determining optimal decisions for members with various characteristics. We provide a specific example, in a simplified setting, showing that allowing for realistic elements like social security and tax has a material impact on optimal decisions. Finally, we discuss how such models might be used in the development of default options that better cater to the needs of members.en_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.issn0313-5934en_AU
dc.identifier.urihttp://hdl.handle.net/1885/196798
dc.language.isoen_AUen_AU
dc.publisherFINSIAen_AU
dc.rightsCopyright Finsia - Financial Services Institute of Australasia 2018en_AU
dc.sourceThe Australasian Journal of Applied Financeen_AU
dc.titleHow academic research can inform default superannuation fund design and individual financial decision-makingen_AU
dc.typeJournal articleen_AU
local.bibliographicCitation.lastpage49en_AU
local.bibliographicCitation.startpage40en_AU
local.contributor.affiliationButt, Adam, College of Business and Economics, ANUen_AU
local.contributor.affiliationKhemka, Gaurav, College of Business and Economics, ANUen_AU
local.contributor.affiliationStrickland, Luke, Youi Insuranceen_AU
local.contributor.authoruidButt, Adam, u4233932en_AU
local.contributor.authoruidKhemka, Gaurav, u4331462en_AU
local.description.embargo2037-12-31
local.description.notesImported from ARIESen_AU
local.identifier.absfor150205 - Investment and Risk Managementen_AU
local.identifier.ariespublicationu3102795xPUB2748en_AU
local.identifier.citationvolume1en_AU
local.identifier.thomsonIDWOS:000459561800005
local.publisher.urlhttp://www.finsia.com/insights/jassa-home-pageen_AU
local.type.statusPublished Versionen_AU

Downloads

Original bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
How Academic Research can Inform Default Superannuation.pdf
Size:
1.16 MB
Format:
Adobe Portable Document Format
Description:
Download

Collections

ANU Research Publications

DSpace software copyright © 2002-2026 LYRASIS