Document summary
Ageing populations are becoming a virtually universal phenomenon, and the number of older persons (60+) is expected to more than double from 841mn in 2013 to 2bn+ by 2050E (Source: UN). Longevity risk will be one of the most significant challenges facing retirement systems over the next 50Y, with global annuity and pension-related exposure estimated to be as high as USD 15-25tn. At the same time, the longevity economy is becoming an increasingly powerful force, and the spending power of 60+ consumers is expected to reach US$15tn by 2020E. This report explores the longevity revolution, the risks and opportunities it presents and provides an overview of three entry points for interested investors - (1) pharma & healthcare, (2) financials and (3) consumer.