The collective defined benefit (DB) deficit could be slashed by £25bn if schemes used more accurate longevity assumptions, according to Club Vita.
Club Vita has joined forces with Legal & General (L&G) to make longevity insurance solutions more accessible for smaller defined benefit (DB) pension schemes.
The UK has a sophisticated longevity risk management market but it will need to develop further to meet challenges says Charlotte Moore.
Matthew Fletcher has been made a senior consultant in Aon Hewitt's risk settlement group.
The RAC (2003) Pension Scheme has completed a £600m longevity swap with Scor Se, which could be a watershed in how small schemes manage longevity risk.
Scottish pensioners spend more time in retirement than their English or Welsh counterparts, according to research.
Defined benefit (DB) schemes are underestimating liabilities by 1% by failing to take into account the varying rate of longevity improvements in the population, according to a ground breaking study.
Jack Jones looks at the implications of a record-breaking exercise
The later scheme members retire, the longer they are likely to live according to research carried out by Club Vita.
Legal & General's (L&G) bulk annuity business has entered into a partnership with Club Vita to share longevity data and expertise.