From the newsletter of New Zealand Public Finance (NZPF), an article which looks at longevity risk in retirement income from a public finance perspective. The article also comments on the developing roles for actuaries in public finance management.
Actuarial
Four markets, one issue: income from retirement savings
It’s striking that how to decumulate – how to organise savings for income in retirement – is a hot topic right now in many countries. Why aren’t solutions ready?
How long will I live?
I don’t know the answer to that question, and you may not want to. But it helps to have some idea – for retirement planning, to understand longevity risk, or maybe you are just curious. It’s not too difficult to get an average figure. The problem comes in making that figure realistic for you. Continue reading