2023 ImpACT Conference- VIRTUAL - Session 2E: Exploration of Lifetime Pension Pool Design Elements 11.07.23 Recording

Several modern retirement arrangements, including lifetime pension pools, allow retirees to convert a single premium into income for life that varies with investment and mortality experience. It is anticipated that there will be an increase in the number of lifetime pension pools in the future. There are, nonetheless, some challenges that might slow down the potential increase in the number of lifetime pension pools.This session will present the results of recent research reports jointly sponsored by the Society of Actuaries and the Canadian Institute of Actuaries, addressing two challenges: 1. the lack of efficient and reliable ways to communicate risk to members2. the optimality of lifetime pension pool design elements.Attendees will further their understanding of these topics and how they may be applied in the future. TRACK: Retirement/Pension (Corporate Plans, Social Insurance)SOA Research/Initiatives