David Rush examines Paul Keating's recent suggestion of a national insurance scheme to tackle the longevity problem, and puts forward a different solution - allowing for more aggressive investment, a regular premium, with-profits, and pure endowment.
With longevity on the increase in Australia, how can a person plan a satisfying retirement, given that it may last for several decades? Dr Jon Glass describes some of the emotional, non-financial, considerations at play.
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.
This student column, by Barry Sun from Macquarie University, delves into the issues surrounding longevity risk. Barry tells us what longevity risk is and summarises the work that is currently being carried out by academics and insurance professionals.