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Showing 121 - 130 of 199 results for "Longevity risk"

Mercer to launch longevity insurance solution

JAMES FERNYHOUGH  |  TUESDAY, 21 OCT 2014
Mercer will next week launch a new product which it says will "address longevity risk in a way that has never been offered in Australia before." While Mercer gave little away about the product, Financial Standard understands that it will be something ...

FEATURE: Quenching the thirst for income

MARK SMITH  |  FRIDAY, 26 SEP 2014
... range of financial products to help provide retirees with income and flexibility and to manage risks, particularly longevity risk." Some product providers have taken FSI chairman David Murray's observations as a call-to-arms, compelling them to design ...

Challenger supports default 'MyPension' product

JAMES FERNYHOUGH  |  TUESDAY, 9 SEP 2014
... deferred lifetime annuity. It was sceptical, meanwhile, of the value of group self-annuitisation(GSA) - a form of longevity risk pooling that has no guaranteed defined benefit and therefore can be provided by super funds or groups of super funds rather ...

GSA an affordable alternative to DLAs: APRA

JAMES FERNYHOUGH  |  TUESDAY, 2 SEP 2014
... (GSA) may provide a more affordable alternative to deferred lifetime annuities (DLA) when it comes to dealing with longevity risk, according to the Australian Prudential Regulation Authority (APRA). In its second submission to the Financial System Inquiry ...

Retirement phase top issue for super in FSI

JAMES FERNYHOUGH  |  FRIDAY, 29 AUG 2014
... submission, UniSuper likewise stressed the inadequacy of account-based pensions, and supported products that deal with longevity risk. "Deferred retirement income products - annuities paid by a life office or pensions paid by superannuation funds - do ...

FSI zeroes in on vertical advice and retirement income

LAURA MILLAN, JAMES FERNYHOUGH  |  TUESDAY, 15 JUL 2014
... indirect payments." The FSI interim report also dedicated a section to retirement income, putting the issue of longevity risk at the top of the agenda. It stated that "the retirement phase of superannuation is underdeveloped and does not meet the risk ...

Sustaining confidence in the Australian financial system: Murray

DAVID MURRAY  |  TUESDAY, 15 JUL 2014
... individual's retirement expectations. And it provides a range of products in the retirement phase to manage lifestyle and longevity risk. We have considered the efficiency of the system and made the observation that there is a lack of strong competition ...

Retirement innovation deadlock continues

JAMES FERNYHOUGH  |  MONDAY, 30 JUN 2014
... annuity-style product, MetLife Max, after just a month on the market is the latest example of the challenges facing longevity risk products. It follows the closure of Macquarie Guaranteed Income Plan last year. Products of this sort are designed to make ...

Jeremy Cooper: Rethinking retirement

JAMES FERNYHOUGH  |  THURSDAY, 29 MAY 2014
... and all the rest of it. But you can certainly over-consume, and it obviously doesn't deal with inflation risk or longevity risk. The proposition we're putting is, if you're not a former politician and you haven't got a big fat inflation-adjusted defined ...

Bring on compulsory annuities, says Deloitte partner

JAMES FERNYHOUGH  |  WEDNESDAY, 28 MAY 2014
The government should introduce compulsory deferred lifetime annuities as a way of insuring against longevity risk, Deloitte's lead superannuation advisory partner Russell Mason has said. Speaking about the future of superannuation at Russell Investments' ...