We examine common asset allocation strategies for retirement investing, considering both static and dynamic approaches, as well as those allocation policies used by leading target-date fund providers. We studied the average performance of each strategy over historical rolling periods (that is,...

The global move towards choice is founded on the traditional economic assumption that well informed economic agents act rationally to maximise their self-interests. Investment choice enables superannuation fund members to select their optimal investment portfolio that matches their risk and...

This thesis explores the economic issues associated with the payout phase where a defined contribution (DC) retirement arrangement is adopted. In particular, the role of annuities in providing a retirement income is examined as well as insurance they provide against retirement risks such as...

Typescript (photocopy).