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 the 2018-19 Federal Budget announcement of an expansion of the little-known Pension Loans Scheme, it is timely to revisit the hurdles to be overcome before housing can play a meaningful role in meeting Australia’s future retirement income challenge.
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.
Posted 28 September 2016
Posted 26 September 2016
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by Andrew Ngai