Eduardo Rodriguez-Montemayor, INSEAD Senior Research Fellow

Life expectancy keeps increasing and pension payout levels are often higher than what a company or fund originally accounted for. This risk of ‘longevity’ can be transferred to financial markets, but pricing and risk management of longevity risk are urgently needed.

Finance has become a difficult industry to operate in with tighter regulation around the world post financial crisis. Now more than ever, those set on a career in investing need long-term views, curiosity and lots of patience.

The explosion in margin lending has fuelled a baseless rally in the Shanghai Composite, but the magnitude of leverage in the stock market is still coming to light.