× Individuals underestimate their life expectancy × Not many aware of longevity risk × Lacking of popularity and choice of annuity products 22 23 The Alpha Spectrum 24 Asset Location 25 Asset Location and
public. ESG TRENDS Climate change Water scarcity Tech disruption Healthier lifestyle/longevity Labor scarcity Diversity How does ESG actually affect companies? For illustrative purposes only ESG SHOCKS
to hedge away longevity risk and can therefore improve the overall efficiency of a retiree’s portfolio. The contribution of an annuity within a total portfolio framework, (ben- efit, risk, and cost