He explains that part of the solution for those in retirement to is to make use of the wrapper to solve as many problems as possible and tapping into what the underling investment product can offer.
There is also the issue of countering behavioural risks such as investors trying to sell their investments when markets go down.
Hodgson further argues that it is impossible to solve longevity risk with an investment product alone, hence the logic of getting into partnership with life companies which have this sort of expertise and experience.
