Actuarial Data Science

Bridging the Gap between Actuarial and Data Science

Mon 31 July 2017

Should retirement planning start at birth?

Posted by Pieter Marres in Articles   

Last year, Tony Stenning explained on Blackrock Blog why it makes sense to introduce retirement plans for babies. In this post, I will discuss this interesting idea from an actuarial perspective. First I will provide some social background on the current global pension situation. Next, I will perform an analysis giving insight into the benefits and expenses of lifetime retirement savings. Finally, I will reserve the last part of this post for readers interested in the R code I used to perform the calculations and visualizations.