Optimal Decisions in Retirement Planning

24 May 2017

Adam Butt


Door 34, Goods Shed North, Village St,
Docklands, Vic 3008

Dear Q Group members,

From this year, we have partnership with CSIRO RiskLab to jointly organise monthly seminars in Melbourne. Our partner RiskLab would like to invite you to a monthly seminar titled “Optimal Decisions in Retirement Planning” at 5pm, Wednesday 24 May, at RiskLab (Door 34, Goods Shed North, Village St, Docklands, Vic 3008), by Associate Professor Adam Butt of the College of Business and Economics, Australian National University.

If you would like to attend, please RSVP by Thursday 18 May via emailing qrsvp@qgroup.org.au or using the following link:


Please see some further details regarding the seminar below. Please let me know if you have any query.

We hope to see you there!




Seminar and drinks/finger-food

Seminar Title: Optimal Decisions in Retirement Planning

Time 5:00pm, Wednesday 24 May 2017

Location: RiskLab/CSIRO, Door 34, Goods Shed North, Village St, Docklands, Vic 3008


Two of the main decisions in retirement planning are asset allocation and consumption. In this study employing a Constant Relative Risk Aversion utility function in the dynamic programming framework; firstly we analyze the optimal decisions in retirement planning both during working life and in retirement with allowing for taxation effects. Then the impact of the existing taxation and social security structure, in particular the age pension, on the optimal decisions is analyzed. Policy implications, particularly taking into account the introduction of the CIPR regime, are discussed.


Adam Butt BCom, MHE, FIAA, SFHEA, PhD Associate Professor in Actuarial Studies and Statistics Research School of Finance, Actuarial Studies and Statistics ANU College of Business and Economics Australian National University Canberra

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