ITEM VIEW

The impact of behavioural economics and finance on retirement provision

dc.contributor.authorVan Zyl, N.en_ZA
dc.contributor.authorVan Zyl, D. J. J.en_ZA
dc.date.accessioned2017-10-24T09:23:36Z
dc.date.available2017-10-24T09:23:36Z
dc.date.issued2016
dc.identifier.citationVan Zyl, N. & Van Zyl, D. J. J. 2016. The impact of behavioural economics and finance on retirement provision. South African Actuarial Journal, 16:91-125, doi:10.4314/saaj.v16i1.4
dc.identifier.issn1680-2179 (print)
dc.identifier.otherdoi:10.4314/saaj.v16i1.4
dc.identifier.urihttp://hdl.handle.net/10019.1/102375
dc.descriptionCITATION: Van Zyl, N. & Van Zyl, D. J. J. 2016. The impact of behavioural economics and finance on retirement provision. South African Actuarial Journal, 16:91-125, doi:10.4314/saaj.v16i1.4.
dc.descriptionThe original publication is available at http://www.actuarialsociety.org.za
dc.description.abstractThe significant shift from defined benefit to defined contribution retirement funds in South Africa has led to many fund members bearing responsibility for a range of risks. Many of these risks, such as those related to investment, longevity and cognitive deterioration are unavoidable. Another category of risk is that related to the choices made by government, employers, trustees, advisors and/or individuals at either national, scheme or individual level. These choices may also pose a threat to a member’s financial wellbeing in retirement. Behavioural economics and finance helps to explain the choices made by these stakeholders in the retirement industry. The authors explain this concept in the context of industry stakeholders and the unique South African economic and demographic landscape, focusing on defined contribution retirement funds. Key behavioural insights applicable to the retirement industry are explored and, where practical, illustrated by stakeholder behaviour. Possible ways to harness these insights in order to improve retirement wellbeing are then discussed.en_ZA
dc.description.urihttp://www.actuarialsociety.org.za/Journal&Articles/the-impact-of-behavioural-economics-and-finance-on-retirement-provision/
dc.format.extent35 pages ; illustrations
dc.language.isoen_ZAen_ZA
dc.publisherActuarial Society of South Africa
dc.subjectEconomics -- Psychological aspects -- South Africaen_ZA
dc.subjectRetirement -- Planning -- Risk assessment -- South Africaen_ZA
dc.titleThe impact of behavioural economics and finance on retirement provisionen_ZA
dc.typeArticleen_ZA
dc.description.versionPublisher's version
dc.rights.holderActuarial Society of South Africa


Files in this item

Thumbnail
Thumbnail

This item appears in the following Collection(s)

ITEM VIEW