Pension schemes face higher liabilities as improvements in mortality rates trend towards their highest level in a decade.
The Centre for Social Justice has proposed raising the state pension age to 75 by 2035, despite a slowdown in mortality improvements. Holly Roach reports
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Mortality improvements have declined for yet another year, data from the Continuous Mortality Investigation (CMI) has revealed.
This week's top stories include articles about the CMI's latest mortality projections model and its accompanying report, which show a clear trend in life expectancy.
Mortality continues to show a steady decline in improvement, well below previous estimates. Victoria Ticha explores industry's reaction to the new CMI model