Longevity tables, the basis for ensuring your money lasts, need new life

“To have more than a coin-toss chance that a person’s retirement planning horizon is sufficient, you need to look at the timeframe that gives 80% or more certainty of being sufficient,” the Institute says in a research note to financial planners. It goes on to say that while there is uncertainty around how long any […]

Robust Retirement Outcomes

Most retired households will have a mix of assets at retirement with the most common being superannuation, home, and savings outside of superannuation. To complicate matters, retirees face two huge unknowns: What investment returns will be during their retirement; and How long they, and their spouse, might live. This uncertainty makes turning capital into lifetime […]

Applying Fintech to actuarial certificates

BGL partner Apricot Actuaries have drawn on their experience in the digital advice space to apply ‘Fintech’ thinking to actuarial certificates. Their CEO and actuary Jim Hennington explains what makes a ‘Fintech’ actuarial certificate. Traditionally, actuarial certificates have followed a static sequence: fill out a form, send to the actuary, respond to calls/emails back and […]