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Alternative Approaches to Structuring Retirement Incentives and the Drivers that Affect Consumer Engagement

Project Member(s): Michayluk, D.

Funding or Partner Organisation: Department of the Treasury (Centre of Excellence for International Finance and Regulation Consortium)

Start year: 2013

Summary: This project examines how superannuation/retirement funds could better achieve the accumulation phase objectives of individuals by identifying the drivers that affect individuals' engagement in Australia and the United States. Australia┬┐s mandatory employer contributions and the United States' multiple schemes (some employer assisted 401K plans and some individually driven such as IRAs) provide distinct retirement structures. These differing regimes may contribute to an individual's engagement thereby affecting the effectiveness in achieving accumulation phase objectives. We will perform a comprehensive mixed method approach, including both qualitative interviews and quantitative surveys, to enable the necessary triangulation of research findings to address the study objective of identifying engagement drivers and the derivation of research-based policy recommendations to government regulatory authorities and superannuation product providers.

Keywords: superannuation, engagement

FOR Codes: Finance Services, Finance