A blueprint for constructing mortality models tailored to specific scheme memberships has been developed by academics at Cass Business School’s Pensions Institute.
The authors of the paper A General Procedure for Constructing Mortality Models say the method could transform the way pensions and annuity providers and governments forecast mortality rates. The institute's...
Record lows in gilt yields have pushed up the liabilities of UK defined benefit (DB) pension schemes to an all-time high of £2.3trn following Britain's decision to leave the EU.
Schemes can do more to speed up the resolution of complaints by implementing one-step internal dispute resolution procedures according to the Pensions Ombudsman.
The Pension Protection Fund (PPF) is considering tweaking its practices and procedures for levies, including improving its Experian model.
The Pensions Ombudsman Anthony Arter has confirmed he will defend against appeals if he believes it is in the public interest.