Currently, nearly all Australians are left to manage their superannuation risks in retirement. An example of this is the uncertainty people face around how long their money needs to last. Typically, retirees have little idea of whether they will be someone who survives into their late 90’s or if they might be one of the ones who die before they reach age 70. This uncertainty means nobody can accurately determine how much to safely withdraw from their super each year and be confident it will last. The only option most superannuation funds offer to provide a retirement income is an...