Aging tigers

Demographic shifts have been a driving force for change in retirement provision in Europe, but in Asia the effects of increasing life expectancy and falling fertility are even more dramatic. Could variable annuities fill the gap? Aaron Woolner reports

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From the level of media coverage, you would assume Western governments are the most concerned about the issue of aging and how to fund it," says Mun Kurup, Hong Kong-based head of Asia Pacific Annuities at ING. "But in Singapore, Hong Kong, Taiwan and South Korea, the problem is much more serious."

The inexorable greying of the populations of Europe, Japan and the US has seen these economies looking to overhaul pension provision in recent years. But the same drivers for change - increasing life

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