Financial Times FT.com

Single product sector urged for longevity risk

By Joanna Chung in London

Published: July 3 2007 03:00 | Last updated: July 3 2007 03:00

The search by investors and institutions for ways to hedge "longevity risk" - the risk that people will live longer than expected - should focus on a single product area to boost the current limited market liquidity, JPMorgan has urged.

The call comes amid a frenzy of activity among many investment banks, including Deutsche Bank, Goldman Sachs and ABN Amro, looking to turn longevity risk into a new frontier of financial innovation.

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