Many retirement plans are built around simple life expectancy estimates — often with an arbitrary margin for safety. But in any advised client book, a predictable number of clients will live beyond average life expectancy — and a surprising number will live past 100. So who are these clients? And how can advisers ensure every client receives the right advice in this regard?

The 2024 update of the Australian Life Tables confirms that Australians are continuing to live longer, despite recent global health events. Longevity risk keeps rising.

This session will introduce best-practice techniques, drawing on global leadership such as from the Canadian Institute of Financial Planning and FP Canada Standards Council. You’ll learn how to apply probability based approaches in your advice process — using practical tools to create safer, more appropriate retirement strategies for every client.

As Australia’s Retirement Income Covenant continues to evolve — and superannuation funds do more to help their members maximise income while addressing these type risks — this session will help advisers stay ahead of the curve, and avoid the professional risk of leaving clients exposed to hidden longevity risk in today’s longer-living world.