#longevity trending globally life expectancy + 20 years 2014 + - PowerPoint PPT Presentation

#longevity trending globally

life expectancy + 20 years 2014 + 1.2 years per decade 1950 public medical nutrition health tech #longevity trending globally 3

life expectancy voting power 1. 1.1B 1Bn spending muscle social capital 2014 2064 +6 #longevity trending globally 4

grey tsunami social fiscal economic demographic shift growing burden of the young growing vulnerability of the old #longevity trending globally 5

assumptions • understand changes • structure planning • respond in time industry retire? #longevity trending globally 6

managing ageing • not intended to fail with age • ageing and health not hard-coded • hadn’t evolved for long term use • health / longevity are modifiable ag ageing ing random highly regulated development uncontrolled ability to manipulate #longevity trending globally 7

managing ageing better medical pharmaceuticals technology $2. 2.5Bn 5Bn researching ageing per annum healthier medical lifestyles practices #longevity trending globally 8

science fiction? FAC ACT! T! #longevity trending globally 9

stem cells Alzheimer’s cancer diabetes spinal chord injury osteoarthritis $2. 2.8Bn 8Bn researching investment per annum rheumatoid stroke arthritis cardiac burns repair heart disease USA CVD death every 34 seconds #longevity trending globally 11

medical nanotechnology ‘ chromallocyte ’ correct genetic extract chromosomes damage that medical from diseased cell leads to ageing nanorobot re reti tire remen ent? t? people living longer than we can reliably predict insert first clinical perform surgery fresh cells treatment as on individual cells early as 2020 #longevity trending globally 12

ZA impact? • bifurcated society • longevity not affected all • longevity boom? historical assumptions no longer apply living longer, healthier than predecessors without re- think … will run out of money #longevity trending globally 13

longevity BOOM! • currently life expectancy +/- 50 
 … would be 70 if not for HIV/Aids • ARVs started early … can prolong life 
 to within 86% of HIV negative person • NHI impact #longevity trending globally 14

history lesson Chancellor 
 Otto von Bismarck 20th 21st 19th century century century increasingly 1881 obsolete? introduction of world’s 
 1 st pension scheme retirement age 65 life expectancy 45 #longevity trending globally 15

delay retirement longer working life mitigates longevity retire start retire increases saving saving another successfully … tax advantages longer earlier day reduce time in retirement #longevity trending globally 16

maths salary R300 000 salary R300 000 contribution 13% contribution 13% retirement nest egg retire delay 6 years DO DOUB UBLES LES return 8% return 8% another day fund at 60 R1m fund at 60 R1m salary inflation 7% salary inflation 7% #longevity trending globally 17

maths salary R300 000 contribution 13% retirement nest egg retire delay 10 10 years TR TRIP IPLES LES return 8% another day fund at 60 R1m salary inflation 7% #longevity trending globally 18

government intervention continue in interest encourage post bearing tax efficient effect of early retirement savings vehicle retirement? alternative income age and conditions eliminate compulsion youth to withdraw unemployment? retirement savings #longevity trending globally 19

government intervention strategy to mitigate consider restructuring poverty in old age state pensions target 80-years ‘longevity backstop’ and above … greater benefits at older ages #longevity trending globally 20

solutions needed deeper understanding of risks ? combination guaranteed income market exposure unit linked flexibility influencing decision makers #longevity trending globally 21

further actions can be addressed on reconsider review lengthen structural and defaults guaranteed investment investment annuities strategy professional horizon levels #longevity trending globally 22

shift happens goalposts have shifted … still shifting … pressure to provide relevant solutions and structures 
 … at the lowest sustainable cost fiduciary responsibility to influence real change #longevity trending globally 23

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