Mortality

Higher health and social care spending between 2000 and 2010 may have caused a blip in longevity estimates by accelerating improvements, according to Barnett Waddingham.

Aon Hewitt is reiterating its call for pension schemes to review the emerging lower rates of UK mortality improvement to ensure fair pricing of longevity insurance transactions.

The collective defined benefit (DB) deficit could be slashed by £25bn if schemes used more accurate longevity assumptions, according to Club Vita.

The Pension Protection Fund (PPF) has put into effect changes to actuarial assumptions used in sponsor insolvencies and to calculate risk-based levies.

Schemes should consider delaying longevity swap transactions as lower rates of mortality improvement have led to a dislocation in pricing says Aon Hewitt.

Mortality studies are increasingly seen as a method for trustees and companies to better understand scheme membership life expectancy. Kristian Brunt-Seymour explores how this can help companies make better financial decisions.

KPMG has introduced a longevity projection model used by insurers to help improve its understanding of the future risks of defined benefit (DB) pension schemes.

The Continuous Mortality Investigation (CMI) has launched a consultation on proposed changes to the mortality projections used by pension schemes.

Johnston Press has revealed how it cut its pension liabilities by £53m through a medically underwritten study to review assumed life expectancy of its members.