Archive: Andrew Cairns
![Senior couple and tecnologies](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_2-1536x1024.jpg)
The brief’s key findings are: “Longevity bonds” would allow insurers and pension plans to hedge aggregate longevity risk. The bonds’ coupon would rise if a cohort lived longer than expected, offsetting higher annuity costs. Longevity bonds would lower capital requirements for insurers and reduce risk for pension plan sponsors. Governments could take the lead in…