Personalised drawdown strategies and partial annuitisation to mitigate longevity risk

Wen Chen,Aaron Minney,Peter Toscas,Bonsoo Koo,Zili Zhu,Athanasios A. Pantelous

Finance Research Letters（2021）

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摘要

•Comparison of retirement income strategies for optimal consumption.•Utilises stochastic modelling, SUPA developed by CSIRO.•Optimal strategy depends of the savings balance and varies with wealth.•Partial annuitisation effectively mitigates longevity hedging for retirees.

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关键词

Annuitisation,Drawdown strategy,Retirement income,Superannuation,Economic scenario generator,Longevity risk

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