Life expectancy is a statistical calculation which estimates the average number of years individuals in a certain group will live. However, people seem to interpret it as an expert opinion that tells them exactly how long they can expect to live. This interpretation is dangerous and belies the wide range of lifespans for individuals within any group in practice.
Earlier this month, the Actuaries Institute released another publication in its Dialogue series - Developing the retirement income framework. Written by Anthony Asher, Convenor of the Retirement Incomes Working Group (RIWG), the Dialogue explores the case to be made for a compulsory longevity risk management element to be added to superannuation products.
Posted 10 July 2020
Posted 8 July 2020
Posted 19 June 2020