Here’s a new use for your smartphone, even if it is a tad uncomfortable to think about. Towers Watson’s U.K. office has released a new app that allows users to estimate their own life expectancy.
UK trustees concerned about market volatility but are under-hedged against longevity, investment and inflation.
Successful retirement planning includes an assessment of many risks, including how much annual retirement income will be needed, whether an individual will be able to retire at his or her desired age and whether the individual’s savings will generate sufficient investment returns—both before and after retirement—to achieve his or her retirement goals.
The International Monetary Fund is warning about the global risk of aging populations in its April 2012 Global Financial Stability Report.
Last night the federal government accounted it was raising the eligibility age for Old Age Security (OAS) from 65 to 67. But Canada’s not the first country—or the last—to do so.
U.K. plan sponsors have been on the de-risking journey for many years, with the majority of U.K. DB plans having now completed, or at least considered, some form of de-risking.
With the mortality rate trending upwards, longevity risk has become a real financial risk for DB plans, says George Graziani, senior vice-president, client markets, Swiss Re.
Don Ezra says he’s fortunate not to have lived in agrarian times, because his true skill set is mental, not physical. And he admits his approach to investments is a painstakingly slow process.
With the erosion of assets in many retirement portfolios in recent years, plan sponsors are starting to wonder if members might never be able to retire.
The negative impact of a greying population.