The development of a life annuity market in Australia: An analysis of supplier risks and their mitigation

Evans, John; Sherris, M.

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Authors

Evans, John

Sherris, M.

Date

2011

Type

Journal Article

Metadata

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Citation

Evans, J. and Sherris, M. 2011. The development of a life annuity market in Australia: An analysis of supplier risks and their mitigation. JASSA (2): pp. 11-15.

Source Title

JASSA

ISSN

0313-5934

School

CBS International

URI

http://hdl.handle.net/20.500.11937/61814

Collection

Curtin Research Publications

Abstract

The significant accumulation of superannuation assets must be converted into income to finance the retirement needs of individuals. This paper considers the development of a life annuity market in Australia focusing on the risk management for potential suppliers of long-term guaranteed annuity products. It also examines the role of government in this market, particularly in hedging for the major risks involved.