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 measure of pension risk.

The Commonwealth Government has today released the second stage of its economic plan to cushion the economic impact of the coronavirus and help build a bridge to recovery. A total of $189 billion is being injected into the economy by all arms of Government in order to keep Australians in work and businesses in business...

This publication highlights the pension reforms undertaken by OECD countries over the last two years. This edition also updates information on the key features of pension provision in OECD countries and provides projections of retirement income for today’s workers. A summary of key findings for Australia is also provided.

This paper focuses on recommendations for policy-makers, sponsors of retirement plans and members of the asset management community that provide services to the retirement industry.

This inquiry explored the ability of consumers and small businesses to exercise their legal rights through the justice system, and whether there are fair, affordable and appropriate resolution processes to resolve disputes with financial service providers.