Fall in life expectancy ‘inevitable’ unless changes to the CMI model are made
Life expectancy assumptions will remain broadly the same as result of annual update
CMI believes higher death rates in 2022 might be indicative of future mortality
LCP analysis finds 2022 could see around 30,000 additional deaths
Just a fraction of liability growth since the start of the year will be offset by the impact of excess deaths caused by Covid-19, says Lane Clark & Peacock (LCP).