India will need to develop a robust annuity market if it is to enable its rapidly aging population to address longevity risk. As the fraction aged triples by 2050, driving a huge potential demand for annuity-type products that will need to be matched by responses from annuity providers....

Chile's 1981 reform revolutionized pension design and created a system that was lauded and emulated widely. The main feature of the system was the creation of state-mandated, privately managed individual pension capitalization accounts based on contributions of employees. After nearly three...

The demand for urban infrastructure and amenities in India far exceeds the limited conventional financial resources of local governments. As a result, skills in accessing unconventional financing sources (such as municipal bond markets and using state assets more productively) have become...

In developed financial and capital markets all financial intermediaries such as banks, insurance companies, and pension funds are well regulated. India is the first country in Asia to establish an independent regulator for the pensions sector. The regulator is expected to do much to integrate...

Interest in longevity and longevity risk management is burgeoning, as government and regulatory agencies are increasingly conscious of the potential risks and benefits of longer lifespans. Commercial and industrial organizations, especially within the financial sector, are awakening to the...