Insufficient savings and bad financial decision-making present a major challenge for people as the financial world becomes more complex and financial responsibility for old age provision shifts towards the individual.
By Romain Despalins - Pension assets rose to record levels in 2017, exceeding USD 40 trillion in the OECD area for the first time ever, according to Pension Markets in Focus.
Structural economic reforms, such as labour market and pension reforms, are often difficult to introduce because of voter discontent. Elsa Fornero and Anna Lo Prete have investigated whether painful reforms take more or less of a toll on the politicians who introduce them in countries where financial literacy is higher.
In the wake of the second round of OECD PISA student financial literacy results, Paul Gerrans, Professor of Accounting and Finance at the University of Western Australia, looks at whether more needs to done to ensure the financial literacy of Australian undergraduates.
Riding the wave of technological innovation in finance, the robo-advice model has emerged as one potential solution to increase the accessibility and affordability of getting help to invest savings for retirement. OECD's Jessica Mosher looks at the potential benefits, risks and challenges.
‘Fearless Girl’, the diminutive and plucky bronze statue that’s been staring down the 3-ton ‘Charging Bull’ on Wall Street for the past year, has become a symbol for gender diversity in corporate leadership. What kind of world can she expect to find when she enters the job market some years from now?
With the baby-boomer cohort progressing into, and through, retirement, an unprecedented number of older citizens will experience cognitive decline. Paul Gerrans examines the impact this may have on financial decision-making and financial literacy.