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.
Zeming Yu unpacks what you need to know to build a robust data process.
In line with the successful launch of the 'Dialogue paper Spending in retirement and the taper rate', author Andrew Boal recently joined John McLenaghan on the Actuaries Institute podcast to discuss the key points and recommendations of the paper.
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.
