Retirement Incomes

New Developments in Longevity Risk Transfer Market

Macquarie University has released a report focused on measuring longevity basis risk in realistic scenarios as part of an ongoing research project sponsored by the Life and Longevity Markets Association (LLMA) and Institute and Faculty of Actuaries (IFoA). Here, Actuarial Professors at Macquarie Uni, Jackie Li and Leonie Tickle, explain their findings.

Michael Rice urges peers to promote and protect brand ‘Actuary’

Michael Rice arrived at the Institute last week to accept the 2017 Actuary of the Year Award alongside an entourage of supporters from the firm he founded 30 years ago.

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Pooled pensions possible at last

Anthony Asher, Associate Professor at the School of Risk and Actuarial Studies at UNSW, writes about the sort of pension product that he would like to see developed now that SIS regulations have been modified to allow development of more flexible products.

Putting the '-annuation' back into Super

The Actuaries Institute is currently preparing a submission about Comprehensive Income Products for Retirement. Darren Wickham, from the Institute's Retirement Strategy Group, outlines the principles for the submission that have been agreed so far, following discussion with members.

Global trends discussed at ASFA Conference

Enock Chiyangwa shares some key insights from the ASFA National Conference and Super Expo held on the Gold Coast in November 2016.

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Pre-Budget Submission - 2017/18

The Actuaries Institute’s Pre-Budget Submission encourages timely Government action to introduce and promote Comprehensive Income Products for Retirement (CIPRs); facilitate the rationalisation of life insurance legacy products; and implement stronger risk mitigation measures to protect against the potential impacts of climate change.

A History of British Actuarial Thought

Craig Turnbull, Investment Director at Standard Life Investments (UK), recently published the book 'A History of British Actuarial Thought'. In this book, Craig illustrates the development of the actuarial profession within each of the three key practice areas of life assurance, pensions and general insurance.

Practice Update videos now available

The Actuaries Institute has just released the first collection of Practice Update videos! See what each committee has been up to and also earn CPD points.

Homesafe Wealth Release for retirees - an interview with Peter Szabo

At the May 2016 Financial Services Forum, there were sessions on the use of housing wealth to fund retirement and also on the interesting achievements of some “actuary entrepreneurs”. This article combines those two topics in an interview with Peter Szabo, an actuary who is the founder and managing director of Homesafe Solutions, a company providing a debt-free home equity release product to senior Australians.

The Future of Financial Services – FSF 2016 Wrap Up

FSF2016 examined how disruptors will impact the financial services industry. It asked, how can actuaries reimagine their career in the future world? Where are the opportunities?

Unlocking wealth in the family home

Australian baby boomers are considered one of the richest cohorts in history, but they may not know it because most of their wealth is tied up in their family home. John McLenaghan reports on a push to unlock access to home equity to help fund retiree lifestyles.

International longevity study spotlights FSI Response

A new international study of longevity risk reinforces the need for essential reforms to safeguard the retirement income system for current and future Australians.

Income for (longer) life - Knox takes a bow

[VIDEO]: David Knox gives his view on this week's Government response to the Financial System Inquiry and outlines the industry-first retirement product that won him the inaugural BTIM Retirement Innovation Award.

Reining in age pension spending

Should the Age Pension be a "safety net" for a minority or a means-tested right for the majority? Actuary Geoff Dunsford gives his view.

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NBA article slam-dunks 'most read’ list

What do Uber, Alan Joyce and Algo-advisors have in common? They all feature in the Top 10 most popular articles on Actuaries Digital since its launch.

When you need clarity in a complex world, you need an Actuary

The Actuaries Institute has launched the 2015 'See what we see' campaign to promote the profession across a range of targeted media channels, coinciding with the launch of a new White Paper 'For Richer, For Poorer'.

Talking bout’ her generation

[VIDEO]: Stephanie Thomson showcased the unique power of actuarial skills to reveal a picture of intergenerational inequity, at a United Nations Forum last month.

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Why future generations depend on us rethinking the old age pension

Seniors must be prepared to tighten their belts if Australia’s tax and transfer system is to remain sustainable over the next 50 years, writes Stephanie Thomson.

Court Rules on Qantas Payroll Tax Appeal

The NSW Supreme Court recently ruled on an appeal by Qantas over a partial exemption of defined benefit superannuation contributions from NSW payroll tax. Paul Shallue reports on the court findings and what they could mean for employers.

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Actuary speaks on depression, FSI and a Super Industry "Cold War"

VIDEO: Finity Consulting Principal Geoff Atkins on his experience with depression, contributing to the Murray Inquiry (FSI) and a Super Industry "Cold War".

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