| Title | Personalised drawdown strategies and partial annuitisation to mitigate longevity risk |
| Creator | |
| Date Issued | 2021-03-01 |
| Source Publication | Finance Research Letters
 |
| ISSN | 1544-6123 |
| Volume | 39 |
| Abstract | Despite the importance of drawdown strategies under a defined contribution system with increased longevity risk, little guidance to retired and retiring members has been forthcoming from superannuation funds. This paper provides a do-it-yourself drawdown design for members of superannuation funds along with comparison studies on a range of retirement income strategies under an array of realistic scenarios. A stochastic economic scenario generator is used to simulate the uncertain outcomes of different drawdown strategies during retirement. The impact of annuitisation for mitigating longevity risk under government pension rules and the selection of personalised drawdown and annuitisation strategies for retirement are examined. |
| Keyword | Annuitisation Drawdown strategy Economic scenario generator Longevity risk Retirement income Superannuation |
| DOI | 10.1016/j.frl.2020.101644 |
| URL | View source |
| Language | 英语English |
| Scopus ID | 2-s2.0-85086571756 |
| Citation statistics | |
| Document Type | Journal article |
| Identifier | http://repository.uic.edu.cn/handle/39GCC9TT/12713 |
| Collection | Research outside affiliated institution |
| Corresponding Author | Pantelous，Athanasios A. |
| Affiliation | 1.CSIRO Data61,Docklands,34 Village Street,3008,Australia 2.Challenger Limited,Level 2,Sydney,5 Martin Place,2000,Australia 3.Macquarie Business School,Macquarie University,2109,Australia 4.CSIRO Data61 Private Bag 10,Clayton South,3169,Australia 5.Department of Econometrics & Business Statistics,Monash University,Clayton,3800,Australia |
| Recommended Citation GB/T 7714 | Chen，Wen,Minney，Aaron,Toscas，Peteret al. Personalised drawdown strategies and partial annuitisation to mitigate longevity risk[J]. Finance Research Letters, 2021, 39. |
| APA | Chen，Wen, Minney，Aaron, Toscas，Peter, Koo，Bonsoo, Zhu，Zili, & Pantelous，Athanasios A. (2021). Personalised drawdown strategies and partial annuitisation to mitigate longevity risk. Finance Research Letters, 39. |
| MLA | Chen，Wen,et al."Personalised drawdown strategies and partial annuitisation to mitigate longevity risk". Finance Research Letters 39(2021). |
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