Archives for SA Actuarial Journal and Articles
SAAJ 2019: Abstracts of articles in other South African journals
SAAJ 2019: Abstracts of recent postgraduate theses and dissertations at South African universities
SAAJ 2019: Considering the use of an equal-weighted index as a benchmark for South African equity investors
SAAJ 2019 – Regime-based tactical allocation for equity factors and balanced portfolios
SAAJ 2019: The effectiveness of South African defined-contribution occupational fund benefit statements to inform and persuade: framework and initial applications
OPERATIONAL RISK MANAGEMENT: PRACTICAL IMPLICATIONS FOR THE SOUTH AFRICAN INSURANCE INDUSTRY
SA Journal 2016: 2016-SAAJ-VanZyl
Abstract: The 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
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