An ageing population is a major challenge for every country in the world arising from thedeclining fertility rate and increasing life expectancy. A longevity risk (the adverse outcome of peopleliving longer than expected) exacerbated by declining equity returns coupled with the record lowinterest rate environments has significant implications for societies and manifests as a systematic riskfor providers of retirement income products. The aim of this special issue is to highlight advances inquantitative modelling of risks related to ageing population problems. We received an enthusiasticresponse to the call for research papers and are proud of the special issue now being published. Thisspecial issue contains seven research papers.
展开▼