Protecting retirement wealth

a survey of Australian products

Anthony Vassallo, Lance Fisher, Geoffrey Kingston

Research output: Contribution to journalArticle


In view of the changes to the age pension assets test thresholds set to take effect in January 2017, we examine possible features of an ideal Comprehensive Income Product for Retirement. This paper provides a survey of the long-term derivative instruments (warrants) being offered by Australian institutions to elderly Australian investors. We focus on products other than plain vanilla life annuities, and there are currently four active products, with varying guarantee terms. Early exercise is typically permissible yet subject to penalties. Benefits are mostly lump sum but can be income streams.
Original languageEnglish
Pages (from-to)30-38
Number of pages9
JournalJASSA : the journal of the Securities Institute of Australia
Issue number2
Publication statusPublished - 2016

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