Standalone Living Benefits Provide Guaranteed Income without Annuities
The...
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Longevity Risk
The risk of outliving one's assets. In other words, the risk of running out of money during retirement. In most countries, average life expectancy has increased dramatically over the past several decades. Longer lifespans are somewhat of a mixed blessing because of the financial burden associated with more years of retirement. Individuals, insurance companies and governments are exposed to the financial pressures created by the need to finance increasing longevity. Longevity risk is a key challenge for many societies around the world.
Australian Fund Management Company Launches Team Focused on Longevity Risk Products
The Australian asset manager Macquarie Funds Group has put together a team of specialists who will focus on developing products that address longevity risk. "We will be looking at products around the development of longevity risk indices, derivatives and capital market products. There are some exciting products in the US which we may tailor to the Australian market," Source: Investor Daily Full Story
An Interview with Retirement Planning Expert Henry Hebeler
Henry "Bud" Hebeler is a former Boeing executive who has been running a retirement planning...
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Forty Three Percent of Retirees Consider Returning to Work
Forty three percent of retirees consider returning to work after they first retire. The primary factors in this consideration are: Changes in personal finances (42 percent) Increase in health expenses (29 percent) A realization of longevity risk (22 percent) The poll was conducted by the Longevity Alliance and Harris Interactive. Source: U.S. News & World Report Full Story
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UK Providing Leadership in the Longevity Swap Market
The UK is leading the world when it comes to hedging the longevity risk contained in many defined benefit pension plans. In a $3 billion deal, Rothesay Life will be assuming the longevity-related liabilities of 55 percent of the plan participants of the RSA Insurance Group pension plan . Goldman Sachs is the parent company of Rothesay Life. Liability swaps such as this are poised to gain traction in the UK, but are essentially non-existent in the United States since certain legal aspects of the...
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