Longevity

Just 2% of retirees in the UK will have enough money to meet the government's new minimum income requirement and use flexible drawdown arrangements, research shows.

Rising longevity still poses a risk despite some schemes having their fingers burnt at successive valuations, Club Vita warns.

Schemes need to find an "optimal solution" to hedge longevity risk to keep some risk in their portfolios, delegates heard.

The white paper focuses on the impact of increasing longevity on company pensions and discusses possible solutions.

Jaishree Kalia reports that interest in hedging the longevity risk of active members could soar internationally following the news of the world's first such hedge being used in the UK

Scotland's pension schemes could be inflating deficits due to the use of UK-wide life expectancy estimates that are higher than the Scottish average, Pension Insurance Corporation warns.

Linking retirement age to a mortality index would remove some political risk around increasing the length of time employees work, Mercer chief retirement strategist Bruce Rigby says.

Paul Sweeting explains the latest actuarial thinking on how to increase longevity

UK - The trustees of the Pall (UK) Pension Fund have completed a longevity hedge for non-retired members with J.P. Morgan.

Pension Insurance Corporation has reinsured almost £500m of its longevity exposure as it continues raising capital to target deals in excess of £3bn, it announced today.