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Since its introduction, the Lee Carter model has been widely adopted as a means of modelling the distribution of projected mortality rates. Increasingly attention is being placed on alternative models and, importantly in the financial and actuarial literature, on models suited to risk management...
Persistent link: https://www.econbiz.de/10014217756
Over the next fifty years or so, a permanently higher proportion of New Zealanders will become eligible to receive payments of New Zealand Superannuation. The New Zealand Superannuation Fund has been established to smooth the impact this will have on the rest of the Crown's finances. After...
Persistent link: https://www.econbiz.de/10014074166
Australia's asset allocation in superannuation is out of alignment with the underlying demographics which reflect a …
Persistent link: https://www.econbiz.de/10013099292
This paper documents developments in public sector pensions in Australia, and reports estimated unfunded liabilities … associated with benefits promised to public sector employees. Australia’s experience with public sector pensions is unusual … Australia, in which the only nationally mandated earnings related retirement financing is based upon a compulsory DC …
Persistent link: https://www.econbiz.de/10014179370
of retail superannuation funds in Australia over the period 2005 to 2009. We obtain estimates of production efficiency … in Australia. The findings are topical as a government appointed major review of superannuation industry is tasked to …
Persistent link: https://www.econbiz.de/10013119571
Persistent link: https://www.econbiz.de/10013120579
data on Australian pensioners, we quantify the extent of longevity selection at both aggregate and scheme level. We also …
Persistent link: https://www.econbiz.de/10013105617
This study investigates the actuarial monitoring of closed defined benefit superannuation schemes. This is done via a simulation approach of a model scheme, with economic and decrement factors varying stochastically. The desires of trustees and employer-sponsors are expressed numerically and the...
Persistent link: https://www.econbiz.de/10013089040
A comprehensive financial and superannuation projection model is developed to investigate the impact of the introduction of AASB 119 on employer sponsors of defined benefit superannuation funds. A model Plan is projected forward 25 to 30 years. It is found that closing a plan to new entrants can...
Persistent link: https://www.econbiz.de/10013089042
This paper examines the retirement savings investment choices of Australian workers over a three year period, including the global financial crisis (GFC). The analysis is based on a large sample of 3.6 million members drawn from five superannuation funds with assets of $74 billion. Australian...
Persistent link: https://www.econbiz.de/10013142351