Mercer has teamed up with Zurich to launch a longevity hedging product for smaller and mid-sized defined benefit pension schemes.
Legal & General has added James Lumb to its bulk annuity and longevity insurance team.
Blackrock chief executive officer (CEO) Larry Fink has said many schemes are not counting the cost of longevity which could have a detrimental impact on their liabilities.
Global firms may be underestimating their defined benefit (DB) liabilities by "tens of billions of euros" because of differing longevity across the countries in which they operate, LCP warns.
Mortality rates in England and Wales were higher than expected in 2013 as the number of deaths registered exceeded 500,000 for the first time in five years.
The later scheme members retire, the longer they are likely to live according to research carried out by Club Vita.
Deal with Dutch insurer Aegon marks French bank’s first major transaction in the longevity swap market
Jack Jones looks at the impact of the surprise shift in mortality rates in 2012
Brighton Rock’s Con Keating says as the worker population shrinks its benefits bargaining power will grow
Life expectancy at retirement fell over 2012 according to the latest update of the Institute and Faculty of Actuaries' Continuous Mortality Investigation (CMI).