“Notwithstanding the terrible price the world has paid in the coronavirus pandemic, the fact remains that longevity at older ages is likely to continue to rise in the medium and longer term.”
In the new volume "New Models for Managing Longevity Risk: Public-Private Partnerships" published by Oxford University Press, experts around the world explored how the private and public sectors can work together in public-private partnerships (PPPs) to develop new mechanisms to reduce the risk of older people losing their assets in old age. We are proud that our CEO Richard Fullmer and our advisor, the late Jonathan Barry Forman, contributed to this volume with their chapter "State-sponsored Pensions for Private Sector Workers: The Case for Pooled Annuities and Tontines."
"PPPs typically involve shared government financing alongside private sector partner expertise, management responsibility, and accountability. In addition to offering empirical evidence on examples where this is working well, contributors provide case studies, discuss survey results, and examine a variety of different financial and insurance products to better meet the needs of the aging population. This volume will be informative to researchers, plan sponsors, students, and policymakers seeking to enhance retirement plan offerings."
Click here to learn more about the new volume.