Framework for Assessing Financial Literacy and Superannuation Investment Choice Decisions

  title={Framework for Assessing Financial Literacy and Superannuation Investment Choice Decisions},
  author={Natalie Gallery},
  • Natalie Gallery
  • Published 2017
There is a worldwide trend towards rapidly growing defined contribution pension funds in terms of assets and membership, and the choices available to individuals. This has shifted the decisionmaking responsibility to fund members for managing the investment of their retirement savings. This change has given rise to a phenomenon where most superannuation fund members are responsible for either actively choosing or passively relying on their funds’ default investment options. Prior research… CONTINUE READING

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