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...

In most countries, retirement benefits from pension saving must be taken as an annuity. By contrast, Australia allows benefits to be taken as a lump sum and instead has recently introduced various tax incentives to encourage annuity purchase. This paper investigates the effectiveness of these...

After declining worldwide since the late 1080s, defined benefits plans will not recover their previous dominance in Australia because they can only be offered by large and stable organisations. Since 1992, Australia has had compulsory superannuation that is mostly privately managed in addition,...