Robert Lissington

School of Economics & Finance
College of Business

Profile

Thesis Title
How prepared are New Zealand pre-retirees to achieve adequate consumption in retirement?


Research Description
For many New Zealanders maintaining a comfortable lifestyle in retirement will require supplementing any state-funded or employer pension with either income generated from other assets or consumption of capital, or a combination of both. In order to do this, firstly they will need to be aware of the issue of retirement income and the complexities involved, then to become engaged and financially prepared for retirement. Growing media awareness has highlighted that, for many New Zealanders, inadequate financial preparation for retirement will lead to a drop in income and living standards. This study will investigate why New Zealanders are under prepared financially for retirement, what the barriers to financial preparedness are, and how those barriers can be overcome. This research will develop a Financial Preparedness for Retirement Index (FPRI), which can be used to provide a benchmark for New Zealanders' preparedness. This can then be used to measure the effectiveness of changes to policy, education, and communications. This research will also explore the impact that the misuse of financial terms and concepts has on engagement and financial literacy.

Research Importance
This research is critical to better understanding why New Zealanders are under prepared financially for retirement, and developing potential solutions that address this issue.

Research Benefit
This research will be valuable to a wide range of financial advisers, financial institutions, educationists, and policy-makers.

Personal Description
I am based in the Manawatu and have spent over 10 years in the financial services sector in a variety of management and advisory roles. In the future, I would be looking to use my skills in policy-making, consultancy, education, or training work for government, banking or industry.

Supervisors
Dr Claire Matthews
Dr Michael Naylor

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