The Actuarial Profession has revised down its life expectancy projections for older people after recording slower than expected improvements in mortality rates over the last decade.
When applied to a standard scheme membership model, the projections equate to a 7.5% drop in life expectancy for a male scheme members aged 95 who can now expect to live for another 3.08 years. Although...
Tim Banks has been named as a senior consultant in the fiduciary management arm of Mercer in a newly-created role.
Vassos Vassou has been hired by Dalriada Trustees to grow business in London and the South East.
AXA Life Invest has hired a regional sales manager and eight retirement specialists to be advisers’ first point of contact for the firm’s drawdown products.
Chief financial officers (CFOs) are concerned they may have to sell their defined benefit (DB) assets at reduced prices to meet pension payments according to Hymans Robertson.