The role of financial education in retirement planning

Ntalianis, Michael and Wise, Victoria 2011, The role of financial education in retirement planning, Australasian accounting business and finance journal, vol. 5, no. 2, pp. 23-37.

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Title The role of financial education in retirement planning
Author(s) Ntalianis, Michael
Wise, Victoria
Journal name Australasian accounting business and finance journal
Volume number 5
Issue number 2
Start page 23
End page 37
Total pages 15
Publisher University of Wollongong
Place of publication Wollongong, N.S.W.
Publication date 2011-07
ISSN 1834-2000
1834-2019
Keyword(s) Ageing population
Retirement incomes
Financial education
Summary Governments in many countries are facing the challenge of providing sufficient retirement incomes for a population that is ageing as a result of lower mortality and fertility rates. An ageing population places considerable financial stress on government budgets as spending on welfare increases, further compounded by a proportional reduction in working-age taxpayers. Exposure to financial education programs can positively influence the retirement planning and savings behaviour of individuals. Research indicates that seminars, written communications and website information are effective methods in communicating financial education. In this study an investigation is conducted into the views of retirement fund members regarding elements of financial education resources made available to them through their retirement fund. Four aspects are investigated, that is, whether there are differences with respect to members’ views between the genders, older and younger members, levels of qualification, and size of superannuation balances. Empirical evidence suggests that gender and age are important factors with females and younger people less likely to utilise educational information and more at risk of not accumulating sufficient funds for retirement.
Language eng
Field of Research 150103 Financial Accounting
Socio Economic Objective 900103 Superannuation and Insurance Services
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2011, Australasian Accounting Business & Finance Journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30035859

Document type: Journal Article
Collections: Faculty of Business and Law
Deakin Graduate School of Business
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