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Coronavirus woes supersede longevity risks in Asia for now
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Michaela Grimm believes any chance to address longevity risk is being pushed aside by efforts to fight the pandemic.
The coronavirus pandemic has made it even tougher this year for Asia-Pacific governments to grapple with unprecedented longevity risks to retirement savings, analysts say.
Governments focus on cushioning the economic effects of the coronavirus has pushed demographic challenges from the headlines even as the window of opportunity to address issues such as how to finance retirements that will stretch over 20 to 30 years is closing, said Michaela Grimm, a Munich-based senior economist with Allianz Group. Ms. Grimm helped author the Allianz Pension Report 2020 the company issued in May.