Warding off Longevity Risks: Ensuring Sustainable Income for Retirement

• Main Author: Knowledge@SMU
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2010
• Subjects: Retirement; Aging population; annuities; income; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/ksmu/195; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1194&context=ksmu
• Institution: Singapore Management University

Greying populations are no longer a challenge reserved just for developed economies. The “silver tsunami” is starting to make its way towards developing nations too. But are governments, insurance companies, banks and individuals preparing themselves sufficiently? Buying annuities is one means to which people can plan for their retirement needs. Yet, take-up rates remain low. As the "tsunami" approaches, should regulators take forceful action to kick start the take-up of such instruments to prepare their economies for the impending economic mayhem?