Investment strategy on retirement savings: An analysis of the experience of fund members

This paper examines the extent to which demographic and social factors are associated with changes to individual wealth accumulation trajectories in retirement savings. Specifically, we investigate member-initiated investment changes to their superannuation accounts, distinguishing between investment changes to future contributions and the accumulated balance. Our findings indicate large gender differences across both types of investment changes and that members with higher balances, larger contributions and greater time in the fund are more likely to make changes.