Title: Pension Dilemmas for Expatriates: An Analysis of Need Structures and Potential Solutions
Language: English
Authors: Brunner, Carolin 
Qualification level: Diploma
Advisor: Gruber, Marc 
Issue Date: 2020
Number of Pages: 103
Qualification level: Diploma
PurposeThe purpose of this thesis is to examine a market opportunity with the Market Opportunity Navigator by Marc Gruber and Sharon Tal in order to discover and develop a product fit for a specific market, namely for self-initiated expatriates in the Asia Pacific region needing to fill their pension gaps after living and working away from their home country. Since the trend for self-initiatedexpatriation has risen to currently 80% of the expatriate workforce in the APAC region, the lack of financial education may pose some risks regarding pension benefits and otherlong-term financial implications. This thesis explores how to ameliorate this problem and develop a solution for it. Design/methodology/approachThe approach of exploring the market opportunityis done with the Market Opportunity Navigator, in combinationwithscientific research, marketresearch, surveys and interviews. FindingsFindings have been that previous to this thesis there has not been any scientific research done on thefinancial implications of self-expatriation, neither short term norlong term. Another finding has been that there is a need and demandfor financial education for thespecific situationof self-initiatedexpatriates, the details of which has been drilled down and refined through surveys and interviews.Research limitations/implicationsLimitations of the researchwere the fairly small survey pool which should be representative enoughfor the thesis, yet more deep dive must be done in the future. The methodologydoes not take current the extreme political and pandemic situation into account, which will have an influence over the next 24-36 months. Practical implicationsThis thesis poses a thought stimulus on the situation of the self-expatriated, who may be financially at risk in old age if no provisions are taken. A strategy to reach this communityand help with long term, low cost solutions is proposedin this thesis aswell as the consideration of continuing research on this topic. Originality/valueA first step has been done in order help self-initiated expatriates in giving guidance on financial pitfalls whenworking abroad without paying into the home country’s orlocal pension scheme. So far there has been no scientific research on this topic, neither about long term implications, loss of retirement income, tax implications or alternative solutions. The originality lies therein that this topic needs further researchand solutions
Keywords: market opportunity; Market Opportunity Navigator; expatriate workforce; pension; financial education; Marc Gruber; Sharon Tal
URI: https://doi.org/10.34726/hss.2020.81505
DOI: 10.34726/hss.2020.81505
Library ID: AC15703804
Organisation: E017 - Continuing Education Center 
Publication Type: Thesis
Appears in Collections:Thesis

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