This report is one of two reports on the management of pension wealth in retirement conducted as part of the Pensions … examine the decisions that older individuals face as they draw on and manage their private pension wealth through retirement … retirement. …

lifelong income. As the world of defined contribution retirement savings has grown, and with the potential vast expansion of … private retirement savings through automatic IRAs, the majority of savers now nearing retirement and in the generations to … traditional means for managing the risk of outliving savings in retirement. But annuities as an investment or distribution option …

This chapter demonstrates the importance for insurance and pension companies of correctly measuring mortality and life … expectancy. The analysis focuses on mortality at higher ages (65–95), in line with an interest in pension-related applications … where the risk associated with longer-term cash flow is primarily linked to uncertainty regarding future mortality rates …