Linkage Projects - Grant ID: LP0991752

Funding Activity

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Funded Activity Summary

Building Financial Literacy and Retirement Savings Engagement by Developing a Financial Education Programme for the Workplace. To limit the drain on the federal budget as the population ages government have introduced compulsory superannuation; making individuals responsible for a significant proportion of their own retirement income. Employees are able to choose both their superannuation fund and investment mix. These are complex decisions which require a significant level of financial literacy. Failure to make appropriate decisions can significantly reduce wealth at retirement leading to a greater reliance on the age pension. Results from this project will inform government, employers and superannuation funds about the role of financial education in improving financial literacy and hence retirement savings decision making.

Funded Activity Details

Start Date: 18-09-2009

End Date: 17-03-2013

Funding Scheme: Linkage Projects

Funding Amount: $110,000.00

Funder: Australian Research Council