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Financial advice and asset allocation of individual investors
Zhang, Annie Claire - In: Pacific accounting review 26 (2014) 3, pp. 226-247
Persistent link: https://www.econbiz.de/10010469077
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Financial advice and asset allocation of individual investors
Zhang, Annie Claire - In: Pacific Accounting Review 26 (2014) 3, pp. 226-247
Purpose – The purpose of this paper is to explore the differences in KiwiSaver portfolio composition between investors … information of 405,107 individual KiwiSaver accounts, this paper examines who receives advice, compares the asset allocations of … KiwiSaver has only been operating since 2007. The total portfolio that people own is not known; thus, the values on investment …
Persistent link: https://www.econbiz.de/10014968928
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Financial literacy and suboptimal financial decisions at older ages
Fong, Joelle H.; Koh, Benedict SK.; Mitchell, Olivia S.; … - 2019
Over the life-cycle, wealth holdings tend to be highest in the early part of retirement. The quality of financial decisions among older adults is therefore an important determinant of their financial security during the asset drawdown phase. This paper assesses how financial literacy shapes...
Persistent link: https://www.econbiz.de/10012113998
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Simplifying choices in defined contribution retirement plan design: A case study
Mitchell, Olivia S.; Keim, Donald B. - 2017
The growth and popularity of defined contribution pensions, along with the government's increasing attention to retirement plan costs and investment choices provided, make it important to understand how people select their retirement plan investments. This paper shows how employees in a large...
Persistent link: https://www.econbiz.de/10011729741
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Trust and Retirement Preparedness : Evidence from Singapore
Koh, Benedict S. - 2020
Trust is an essential component of the financial system, and distrust can undermine saving and economic growth. Accordingly, prior research has shown that survey responses to a question about ‘trust in people' are associated with household willingness to invest in the stock market....
Persistent link: https://www.econbiz.de/10012841847
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Retirement Preparedness and Financial Literacy in Singapore : How Do the Self-Employed Compare?
Koh, Benedict S. - 2020
Policymaker and media attention has recently focused on the rise of the so-called “gig” or freelance employment sector, where workers lack formal long-term relationships with one specific firm. This topic has captured public interest partly because of concern that those engaged in...
Persistent link: https://www.econbiz.de/10012841848
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Size and Investment Performance : Defined Benefit vs. Defined Contribution Pension Plans
Jang, Donghyeok - 2020
We examine the investment performance of over 160 thousand U.S. private pension plans. We find significant economies of scale in performance and administrative expenses, which are more prominent for defined benefit (DB) plans than for defined contribution (DC) plans. DC plans outperform...
Persistent link: https://www.econbiz.de/10012822616
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Taking Control : Active Investment Choice in Singapore’s National Defined Contribution Scheme
Fong, Joelle H. - 2019
This paper examines what factors drive active investment choice among more than 7,000 older plan participants in the Singaporean Central Provident Fund (CPF), and assesses the extent to which financial knowledge, experience, and attitudes help predict such choice. We find that only 16% of plan...
Persistent link: https://www.econbiz.de/10012866446
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Should the Government Be Paying Investment Fees on $3 Trillion of Tax-Deferred Retirement Assets?
Landoni, Mattia - 2020
Under standard assumptions, both individuals and the government are indifferent between traditional tax-deferred retirement accounts and “front-loaded” (Roth) accounts. When we add investment fees to this benchmark, individuals are still indifferent but the government is not. We estimate...
Persistent link: https://www.econbiz.de/10012853671
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Financial Literacy and Suboptimal Financial Decisions at Older Ages
Fong, Joelle H. - 2019
Over the life-cycle, wealth holdings tend to be highest in the early part of retirement. The quality of financial decisions among older adults is therefore an important determinant of their financial security during the asset drawdown phase. This paper assesses how financial literacy shapes...
Persistent link: https://www.econbiz.de/10012860766