Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 131 - 140 of 199 results for "Longevity risk"

Equip to launch pension version of MySuper

JAMES FERNYHOUGH  |  FRIDAY, 9 MAY 2014
... day one. "We think that's the point that you start to get to the sweet spot where you trade sequencing risk and longevity risk." At the end of every year, the cash account will be replenished to contain the three years' income as set at the beginning ...

David Murray gives first insight into FSI

LAURA MILLAN  |  FRIDAY, 2 MAY 2014
... "There is a paucity of attractive financial products that help retirees manage their income and risks, particularly longevity risk," Murray said. He mentioned technology as key to "fostering an environment where innovation and technology can better meet ...

Could government issue its own annuities?

JAMES FERNYHOUGH  |  TUESDAY, 15 APR 2014
... Financial System Inquiry. While there is near universal agreement that Australia needs more products that deal with longevity risk, CEPAR has become the first to suggest a role for government in actually developing its own annuity-style products. "The ...

Professor proposes cheap longevity insurance design

JAMES FERNYHOUGH  |  TUESDAY, 15 APR 2014
... Milevsky of York University, Toronto, while lifetime and deferred lifetime annuities (DLAs) solve the problem of longevity risk, they are "bloody expensive." His solution is the 'return contingent life annuity'. "The problem is not that people don't ...

Plato partners Milliman to offer retiree income solution

MARK SMITH  |  FRIDAY, 4 APR 2014
... balanced funds. However, Plato said that for many superannuants, reducing sequencing risk in this way simply increases longevity risk, and investment projections show that fund members and investors cannot afford to accept the lower returns associated ...

FEATURE: Insuring against longevity risk

JAMES FERNYHOUGH  |  FRIDAY, 14 MAR 2014
... already begun, though the present government has delayed it). The other is developing products that insure against longevity risk, such as deferred lifetime annuities. ASFA's emphasis on annuities and longevity risk products is in line with the OECD's ...

LGS to white label MetLife's latest offering

JAMES FERNYHOUGH  |  WEDNESDAY, 5 MAR 2014
... agreement with MetLife was in response to member demand for a retirement option that protected against downside and longevity risk. "It caters for, I think, people who are concerned with another GFC scenario," he said, adding: "Provided returns are reasonable ...

MetLife launches long-awaited retirement product

JAMES FERNYHOUGH  |  TUESDAY, 4 MAR 2014
... product. LGS chief executive Peter Lambert said: "The reality is that there are members that are concerned with longevity risk and running out of money, and we needed to find a product for our members that provided that underlying guarantee, whilst at ...

Actuaries call for overhaul of retirement phase rules

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
... allows flexibility and control of capital in the earlier retirement years, and then provides some form of pooling of longevity risk (possibly a guaranteed income product) in later years to supplement the Age Pension."

Challenger acquires SMSF business

MARK SMITH  |  MONDAY, 16 DEC 2013
... executive Brian Benari said. "While all retirees value secure income streams, SMSF retirees tend to be more aware of longevity risk. They know that more money doesn't necessarily insure them against the risk of outliving their savings. Challenger intends ...