Getting it right with life expectancy

Can we be a little more responsible about the life expectancy figures we're quoting? "The current life expectancy is 77 for men and 81 for women" it says on the BBC website. So this means that a retirement age of 66 would mean men working for over 40 years...

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Regime change at BP

It has been announced that Barack Obama is to meet the chairman of BP. Given the different roles that the chairman and chief executive of an organisation have, it is interesting that the US President wants to meet the former rather than the latter. The...

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An infinite number of economists

There is a well-known theory that if you give an infinite number of monkeys a typewriter each, then eventually one of them will produce the complete works of William Shakespeare. Would they also produce the complete works of John Maynard Keynes (or Adam...

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Does duration matter?

Duration is often thought of as important concept for pension schemes. It is generally known that pension scheme liabilities can have very long durations, and that if the durations of their assets and liabilities differs then it is exposed to duration...

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