Financial literacy in Singapore has not been analyzed in much detail, despite the fact that
this is one of the world's most rapidly aging nations. Using the Singapore Life Panel®, we …

The 2nd pillar of the Polish pension system was recently modified. The government lowered
the amount for obligatory contributions transferred to private open pension funds and …

Life cycle asset allocation has recently gained popularity and is the default option in pension
funds worldwide. A line of recent studies has refuted its glory and argues that a balanced …

Over recent years there has been a proliferation of lifecycle investment funds. This has
created a challenge for financial advisers, consultants and plan sponsors: how to compare …

Life Cycle Funds: International Diversification, Reverse Glide Paths, and Portfolio Risk |
Financial Planning Association Skip to main content Accessibility Main Menu Financial Planning …

Despite the growing importance of target date funds as retirement accumulation vehicles,
there exists a paucity of literature on their comparative risk-return characteristics. This paper …

The first three years of the 21st century brought one of the worst bear markets in US history,
with equity markets around the world falling around 40% in real terms. This was followed in …

Abstract G-30, Basel Committee on Banking Supervision, Bank of International Settlements
and most Central Banks across the globe have endorsed Value at Risk (VaR) as a standard …

Life cycle investment funds are one of the fastest growing segments in the defined
contribution pension industry. Despite concerns over long-term investment performance …

In this paper we investigate whether lifestyle and lifecycle products offered by the mutual
fund industry are designed to maximise terminal wealth of investors. The overall findings are …