Longevity

The UK pension market is in tough shape post financial crisis. According to a Bloomberg article, "about 87 percent of the U.K.’s 7,400 final salary pension plans are in deficit following the financial crisis." This crisis offers an unprecendented opportunity for companies that insure the pension liabilities of private corporations through bulk purchase annuities. “The bulk-purchase annuity market is going to continue to be a good market because companies want to get their pension...

The Australian asset manager Macquarie Funds Group has put together a team of specialists who will focus on developing products that address longevity risk . "We will be looking at products around the development of longevity risk indices, derivatives and capital market products. There are some exciting products in the US which we may tailor to the Australian market," Source: Investor Daily Full Story

Forty three percent of retirees consider returning to work after they first retire. The primary factors in this consideration are: Changes in personal finances (42 percent) Increase in health expenses (29 percent) A realization of longevity risk (22 percent) The poll was conducted by the Longevity Alliance and Harris Interactive. Source: U.S. News & World Report Full Story