Investment strategies in retirees' decumulation phase

Wiafe, Osei Kuffour (2015) Investment strategies in retirees' decumulation phase. PhD thesis, Queensland University of Technology.

Abstract

This thesis consists of three studies on investment strategies for Australian retirees. Specifically, it investigates retirees' preference between alternative drawdown strategies in the presence of government pensions, appropriate management of longevity risk through the use of deferred annuities and asset allocation in retirement. It finds drawdown strategies linked to life expectancy to be the best performers. Deferred annuities are found to improve retirement incomes for risk averse retirees. For retirees who want to meet certain wealth thresholds in retirement, equity dominated portfolios provide superior outcomes for higher threshold levels.

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210 since deposited on 13 May 2015
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ID Code: 82829
Item Type: QUT Thesis (PhD)
Supervisor: Basu, Anup & Chen, John
Keywords: Retirement, Asset allocation, Superannuation, Lifecycle, Annuities, Draw down strategies, Omega, Decumulation, Epstein-Zin
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
Institution: Queensland University of Technology
Deposited On: 13 May 2015 05:29
Last Modified: 08 Sep 2015 06:17

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