Can actuaries help solve the retirement advice gap?
Using superannuation to replace your salary when you retire is not easy under a ‘lump sum’ retirement system. Spend too much and your savings will run out. Spend too little…
Using superannuation to replace your salary when you retire is not easy under a ‘lump sum’ retirement system. Spend too much and your savings will run out. Spend too little…
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.
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.
The Actuaries Institute’s Superannuation Projections and Disclosure sub-committee designed a projection model to estimate the income that assets would support during retirement for a number of case studies.