Superannuation 2013

Living to age 120, the pensions dilemma and other defined benefit conundrums

Source: New South Wales

Published Date: 29 Aug 2013

 

This presentation draws from the Institute of Actuaries’ White Paper titled the “Longevity tsunami” which addressed problems arising from the fact that people will be living a lot longer than they expect. The paper has contributed to a wide ranging community discussion on the implications of the so called “longevity problem” which has resulted in, among other things, Treasury adopting a more aggressive view on longevity, and changes in the tax status of various deferred annuity products.The presentation addresses various social and financial issues including:??

  • living to 120 will become the norm??
  • current issues for dealing with defined benefit pensions??
  • products that can protect against financial strains caused by longevity??
  • funding issues for a pension-only fund
  • ??debate on who should carry the financial burdens of longevity.

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Author(s)

Details

  • Published By: Barry Rafe
  • Published On:29 Aug 2013
  • Took place at:Sheraton on the Park, Sydney

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