With an increasing focus by fund managers on post-tax return and tax-efficiency, including
the benefits arising from franking credits, this paper investigates the extent to which the value …

Despite the importance of drawdown strategies under a defined contribution system with
increased longevity risk, little guidance to retired and retiring members has been forthcoming …

This paper presents a simple and intuitive measure of retirement income adequacy: the
Pension Multiple which captures and quantifies the level of income for each future retirement …

The retirement wealth in this study is the sum of account-based pension, savings and other
financial assets. We are interested in the drawdown of these savings so consider that there is …

Australia’s retirees are living longer, saving more and becoming increasingly self-reliant.
Superannuation is moving from supplementing the age pension to substituting it for an …

Traditional financial planning approaches, which tend to focus on risk profiles and asset
allocations aimed at accumulating a pool of savings, do not necessarily meet the financial …

BACKGROUND Many countries are attempting to solve the retirement income challenge. In
Australia, the growth of defined-contribution (DC) savings through the superannuation …

… AARON MINNEY shares his views on a new approach to retirement income products. …
Aaron Minney is head of retirement income research at Challenger Limited. …

… Liu, Aaron Minney, Xavier O’Halloran, Deborah Ralston, John de Ravin, Nicolette Rubinsztein,
Bob Schmidt and Young Tan. … We thank Aaron Minney for assistance with this calculation. …

… Aaron Minney …