Longevity

Pension deficits have dropped to just over £300bn as a fall in the price inflation outlook shaved £50bn off scheme liabilities in a month, according to Xafinity.

Academics and industry specialists are working hard to make longevity risk investable on the capital markets, but the process is not without its growing pains, as Chris Panteli discovers

UK - Latest longevity projections from the Continuous Mortality Investigation will have a minor affect on pension scheme liabilities, Aon Hewitt says.

Latest longevity projections from the Continuous Mortality Investigation will have a minor affect on pension scheme liabilities, Aon Hewitt says.

The Trades Union Congress has branded government plans to bring forward increases to the state pension age unfair due to the widening gap in life expectancy between rich and poor.

GLOBAL - The development of longevity as an asset class continues to grow as longevity risk becomes increasingly recognised, experts believe.

EUROPE: Mortality assumption calculations need a radical overhaul to give schemes and capital markets a better understanding of the factors that affect them, a report argues.

The number of workers planning to retire between the ages of 66 and 70 has doubled to one-in-ten since last year, research shows.

Longevity swaps leave schemes open to the risk that younger members live twice as long in retirement than current pensioner members, Punter Southall warns.

The ITV pension scheme has entered into a £1.7bn longevity swap with Credit Suisse to fully hedge the longevity risk for 12,000 of its pensioner members.