Compulsory Annuitization
Submitted by tom on
There appears to be some debate taking place in the U.K. at the moment regarding compulsory annuitization.
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The risk of outliving one's assets. In other words, the risk of running out of money during retirement. In most countries, average life expectancy has increased dramatically over the past several decades. Longer lifespans are somewhat of a mixed blessing because of the financial burden associated with more years of retirement. Individuals, insurance companies and governments are exposed to the financial pressures created by the need to finance increasing longevity. Longevity risk is a key challenge for many societies around the world.
Submitted by tom on
There appears to be some debate taking place in the U.K. at the moment regarding compulsory annuitization.
Submitted by Anonymous on
Anyone aware of investment vehicles that provide access to longevity risk?
Much has been written over the past couple of weeks about the Obama Administration's support of annuities.
The New York Times ran a story about the "unloved annuity getting a hug from Obama."
Bloomberg featured an article in its personal finance section describing the potential, the pitfalls and the overall industry enthusiasm surrounding in-plan annuities.
The federal government has posted a...