Analysis by Evans & Razeed (2019) showed that to achieve a reasonable standard of living in retirement, in addition to the Pillar 2 compulsory system (SGL), Australians would need to contribute during their working life to private savings, but the contribution would be significantly reduced if...

Whilst the concept of an asset-based welfare system developed formally in the 1950s there is evidence in Australia that the philosophy developed well before then and has continued through advantages for those able to acquire a home over those that cannot in the retirement system. The net cost to...

The Your Future Your Super reforms introduced in June 2021 include an investment performance test (YFYSPT) for MySuper products initially, but the Australian Prudential Regulatory Authority (APRA) intends to extend the YFYSPT to other superannuation products from 2022. This paper assesses the...

The outcome of the mandatory components of the Australian retirement system for both retirees and the Australian Government will vary over time based on a complex interrelationship of wage growth, investment returns, (un)employment, and longevity of retirees. This paper considers the impact of...

In this paper, we investigate the problem of how to combine operational losses collected from various banks of different sizes and loss reporting thresholds in order to estimate the distribution of operational loss severities for a bank of a given size. We model the severity of operational...

Traditionally, financial risk management has mainly focused on the types of risk that can be identified and measured. Many actuarial and statistical theories and models have been developed in the past, to quantify such risks. However, high profile events such as Black Monday, the Asian financial...