Retirement asset decumulation: Adequacy, institutions and products

本建议旨在评估现时及未来的退休储备是否足够，并就如何使退休人士的累积资产价值最大化，以及如何保障退休后的财务安全，提供其他可行的解决方案。首先，将重新评估替代率作为衡量退休准备金充足性的一项指标。其次，将分析旨在提高退休消费的退休积累价值的新金融产品和机构的功效。全球人口老龄化的趋势和越来越依赖退休后的自给自足，使所提出的研究既紧迫又重要。

This proposal seeks to evaluate the present and future adequacy of retirement provision, and offers alternative, practical solutions to the problem of how to maximise the value of a retiree's accumulated assets and facilitate a financially secure retirement. First, a re-evaluation of the replacement rate as a measure of retirement provision adequacy will be undertaken. Second, the efficacy of new financial products and institutions designed to enhance the value of a retirement accumulation for retirement consumption will be analysed. Global trends towards population aging and increasing reliance on self-provision for retirement lends both urgency and significance to the proposed research.