In 1997, Mexico transformed its pay-as-you-go social-security system to a fully funded system with personal retirement … accounts, including management fees. This paper examines changes in retirement wealth resulting from this new system. It found … management fees drained a significant proportion of individuals’ retirement wealth and had the effect of increasing the number of …

The relationship between meeting the Capital Accumulation Ratio Guideline and retirement adequacy was investigated … prepared for retirement, with 46% of households both meeting the 25% ratio guideline and being prepared for retirement and 17 …% not meeting the guideline and not being adequately prepared for retirement. However, 37% of households did not have a …

contribute to retirement savings, (b) invested less when they did contribute, and (c) favored investment in short …How do renters approaching retirement respond to their absence of housing equity? Traditional life cycle accumulation … theory suggests compensation by increased investment in other asset classes. Behavioral “mental accounting” suggests that …

context, it looks at the shape and structure of the post-retirement liability as well as investment and insurance strategies …The objectives of retirement investing have not changed: to provide an expected quality of life in retirement. What has … decumulation now shifted to customers and their advisers, there is now a requirement to rethink retirement investing.This paper …