The Retirement Income Review (Callaghan) report concluded that the Australian retirement income system is effective, sound and its costs are broadly sustainable. This paper examines the report's suggested 'optimal use' of superannuation savings, suggesting it is not in fact practicable and proposing alternative drawdown arrangements...
This review report covers the current state of the superannuation system and how it will perform in the future as Australians live longer and the population ages. The review considered the incentives for people to self-fund their retirement, the fiscal sustainability of the system, the...
The Financial Capability Barometer 2018-2019 was a survey of 15,519 adult New Zealanders on their financial behaviours, attitudes and experiences. The data has provided valuable insights into the state of New Zealanders’ personal finances. Importantly, the survey is also a snapshot of New Zealand’s personal...
Australia’s $3 trillion superannuation system is the fourth largest in the world and is responsible for managing the retirement savings of 16 million Australians. This document outlines some reform options to make the superannuation system better for members.
Industry Super Australia (ISA), in the context of the federal government’s Retirement Income Review, commissioned this research from Rice Warner to assess the impacts of various policy options utilising their comprehensive econometric model of the Australian superannuation system.
This briefing note examines the long-term impact of the COVID early superannuation release scheme on retirement incomes and age pension entitlements.
Some of the impacts of COVID-19 will mostly affect today’s retirees, such as the safety of elderly institutions, while low interest rates will impact both today’s retirees and those who have yet to leave the labor market. This paper discusses the ways these social and...
There has been little research on whether and how social support may evolve around retirement. This paper provides novel evidence on the evolution of social support during own and spouse’s retirement, and its moderating effect on mental wellbeing.
Does retirement lead to life satisfaction? Causal evidence from Fixed Effect Instrumental Variable models
This paper presents robust evidence that retirement causally improves overall life satisfaction which is subsequently explained by improvements in satisfaction with one’s financial situation, free time, health, and participation in local community activities.
This paper shows that people exposed to greater pension risk are less likely to invest in risky assets. The authors exploit a reform that links people’s future pension benefits to their pension funds’ funding ratio—a measure of the fund’s financial health—making funding ratios a fund-specific...