China's extraordinary economic progress has positioned it to be the next Global Power in Asia, and potentially the next Superpower capable of contesting the US in a bi-polar world. But China faces fundamental economic, demographic and financial weaknesses that could disable such ambitions. These...

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...

Since its introduction, the Lee Carter model has been widely adopted as a means of modelling the distribution of projected mortality rates. Increasingly attention is being placed on alternative models and, importantly in the financial and actuarial literature, on models suited to risk management...

In view of the demographic changes in Hong Kong and the associated increase in demand for long-term assets for retirement planning, this report explores the opportunities and developments in Hong Kong’s long-term asset markets. It investigates the growth in demand for long-term assets due to...

Due to the accelerating demographic change of the population the reform of the existing pension systems constitutes one of the greatest political challenges in most European countries. A theoretical discussion of different pension reforms must incorporate not only the demographic aspect but also...