Abstract
Participants’ living longer has always been a key risk for defined-benefit pension plans. With interest rates at record lows and general market uncertainty, however, the priority of longevity risk is rising up the agenda. This article examines the impact of longevity risk on plans, methods of assessing the effects of specific changes to longevity and market volatility, the way in which longevity risk can interact with other risks, and the strategies and sophisticated technology-based solutions pension plans can adopt to ensure they are positioned to effectively manage it.
- © 2016 Pageant Media Ltd
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