Publication Type

News Article

Version

acceptedVersion

Publication Date

6-2015

Abstract

Singaporeans face two key risks in life: dying too young and living too long. The latter risk, commonly known as longevity risk, has been the key focus of the Central Provident Fund Advisory Panel's recent deliberation and recommendations. By saving the Basic Minimum Sum and purchasing a life annuity, Singaporeans can hedge the risk of outliving their lifetime savings.

Keywords

insurance, Singapore

Discipline

Asian Studies | Finance and Financial Management

Research Areas

Finance

Publication

Straits Times

ISSN

1692-9344

Publisher

Singapore Press holdings

Copyright Owner and License

Author

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