RBA's Stevens on finance and the ageing population

In the speech 'Finance and the ageing population' given on 16 November Glenn Stevens of the Reserve Bank of Australia said Australia's finance players will need to be innovative in creating new investment opportunities for the nation's growing ageing population.

Stevens said rising life expectancy meant earlier notions of retirement age and asset sufficiency would be revisited, affecting financial markets and institutions.

"In a world which people live longer and enjoy longer retirement, they will

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