Excess deaths in 2023 were the lowest measured of any year following the pandemic
With longevity risk at 25% of DB investment risks, report urges schemes to assess mortality
Club Vita’s deal with Longitude Exchange will help build market for longevity risk
Deal covers pensioner liabilities in the Lloyds Bank Pension Scheme No.1
Howard Kearns explores the biggest remaining risks for DB pension schemes.
Analytics to support bespoke longevity assumptions will be integrated on the platform
The Axa UK Group Pension Scheme has agreed a £3bn longevity swap with Hannover Re, insuring the longevity risk of a largely non-pensioner population.
The uncertainty surrounding the potential impact of so-called long Covid and behavioural changes heightens the need for schemes to increase their longevity hedging, says Prudential Financial.
Companies could be overstating their pension liabilities by up to £60bn due to their life expectancy assumptions, according to XPS Pensions Group.
Two in five UK defined benefit (DB) schemes expect to complete a bulk annuity or longevity swap transaction within the next three years, Willis Towers Watson research finds.