Martin Steward: Longevity risk, rewarded and unrewarded

“You must hedge your unrewarded risks!” pension funds are told. But what are unrewarded risks? “Interest rate, inflation and longevity risk, for starters.” Sure, but why do we call them ‘unrewarded risks’?

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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.

Markus Schaen , Senior Fund Manager, MN,
The Netherlands