...Martin Lally Purpose This paper seeks to compare the capitalisation rate offered by the Government Superannuation Fund (GSF) to retiring GSF members with the alternatives of borrowing and sale of the pension entitlements. Design/methodology/approach The paper uses standard discounted cash flow...

...Gerry Gallery; Natalie Gallery The recent decline in funding levels of defined benefit pension plans (DBPs) has attracted the attention of regulators in Australia and other jurisdictions. In light of such scrutiny, this study provides timely empirical evidence of the economic and regulatory...

... is purchased, there is a concomitant investment in off‐farm assets. As a consequence farmers are likely to be poorly diversified. This paper provides estimates of the cost of being undiversified or only partly diversified, using the same method that Meulbroek has used in assessing the cost to pension...