What pension rate is sustainable?
Working out a sustainable pension rate is a complex task, needing actuarial expertise.
Actuaries are experts in evaluating the likelihood of events, the financial impacts of these, and recommend ways to manage these risks.
Actuaries apply sound mathematical models to understand what happens in different scenarios/situations including if:
• investment returns are lower than expected
• members generally live longer than expected
• higher than expected inflation
• Loss of the underlying value of an assets (as was experience around the world during the Global Financial Crisis)
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