The move from Defined Benefit (DB) to Defined Contribution (DC) has transferred the longevity and investment risks from the plan sponsor to the individual plan member. Without the actuarial cross-subsidies implied by pooling these risks, the danger of outliving one’s savings is significant. Much attention has been focused on pre-retirement investment design but less on post-retirement. In most countries, the post-retirement systems in place are insufficient to solve this challenge for small asset sizes or small proportions of individuals’ retirement accounts. However, a number of DC markets are mature, such as Australia and Chile, and the principles of a solution that works for all must be identified.
Download the Designing Successful Post-Retirement Solutions by Blending Growth papers here.
This paper researches a number of post-retirement systems around the world and identifies ten key factors that contribute to post-retirement solution design. These factors can result in an inconsistency between countries regarding the most appropriate post-retirement solution. Additionally, a disconnect is apparent between what retirees need and want in post-retirement.
Successful post-retirement solutions will inevitably blend investment and insurance components in a balanced manner. With lengthening life expectancies, research supports strategies that blend a growth and income account-based approach for the first 15-20 years after retirement with longevity protection in later life.
Event organiser
Contact Events Team for more information.
eventmanagement@actuaries.org.uk
0207 632 1498
CPD
CPDRegistration 17.00 - 17.30
Programme 17.30 - 19.00
Location
Address
Royal College of Physicians of Edinburgh
9 Queen St
Edinburgh
EH2 1JQ
Nearest Public Transport
Situated in the historic New Town of Edinburgh, RCPE is located within the central business and retail districts of Edinburgh. For guests/delegates arriving by car, the NCP car park is a short walk away in York Place. On-street metered parking is available on Queen Street and adjacent roads. Arriving by train/bus, just a 10 minute walk from Waverley train station and 5 minutes from the bus station. The airport is approximately 25 minutes drive by taxi or airport bus.
As a listed building, the College has restricted disabled access. Guests requiring assistance are asked to use the rear entrance where a wheelchair lift is provided.