Living longer: Lessons from Australia
Australia combines long life expectancy with a highly developed pension system. Yet many people still underestimate how long their savings need to last and end up bearing longevity risk themselves. That combination has made Australia particularly instructive when it comes to understanding how retirement income solutions evolve.
Andrea Stähr and Kris Boundy talk about how retiree behaviour and product design come together in the decumulation phase and what global insurers globally can learn from Australia’s experience.