Shifting longevity risk to annuities is one of many responses to aging

12/19/2013 | Bloomberg

Aging is a powerful trend threatening to send a wide array of aftershocks through the global economy. Regulators and economists are just now starting to grasp its potential to unleash a new financial crisis. The shifting of longevity risk from pension plans to annuities issued by insurance companies is only one of several tools being developed to cope with the potential crisis.

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