The collective defined benefit (DB) deficit could be slashed by £25bn if schemes used more accurate longevity assumptions, according to Club Vita.
Funds are typically over-estimating longevity and increasing liabilities by 1%, equivalent to paying everyone's pensions for four months after their death. Schemes with over £1bn of assets under...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
