The wrong end of the switch: Exposing the switching behaviours of members under duress during a financial crisis.
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Author(s)
Brimble, Mark
MacDonald, Kirsten
Loy, Ellana
Year published
2021
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The focus of this paper, a joint Iress and Griffith University initiative, is on understanding member behaviour during the financial downturn through COVID-19. The ongoing research, focused on 40,000 switches during the period 1 January 2020 - 31 March 2021, has highlighted the double-edged sword of the ease with which members can switch investment options within their super, focusing on three key questions: 1. How did the COVID-19 crisis impact the volume and distribution of investment option switches within superannuation? 2. Do the characteristics of people switching vary preand during the pandemic? 3. Did switching ...
View more >The focus of this paper, a joint Iress and Griffith University initiative, is on understanding member behaviour during the financial downturn through COVID-19. The ongoing research, focused on 40,000 switches during the period 1 January 2020 - 31 March 2021, has highlighted the double-edged sword of the ease with which members can switch investment options within their super, focusing on three key questions: 1. How did the COVID-19 crisis impact the volume and distribution of investment option switches within superannuation? 2. Do the characteristics of people switching vary preand during the pandemic? 3. Did switching during the pandemic lead to more suboptimal outcomes?
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View more >The focus of this paper, a joint Iress and Griffith University initiative, is on understanding member behaviour during the financial downturn through COVID-19. The ongoing research, focused on 40,000 switches during the period 1 January 2020 - 31 March 2021, has highlighted the double-edged sword of the ease with which members can switch investment options within their super, focusing on three key questions: 1. How did the COVID-19 crisis impact the volume and distribution of investment option switches within superannuation? 2. Do the characteristics of people switching vary preand during the pandemic? 3. Did switching during the pandemic lead to more suboptimal outcomes?
View less >
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© 2021 Griffith University. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the publisher's website for access to the definitive, published version.
Subject
Household finance and financial literacy
Investment and risk management
Financial institutions (incl. banking)