Amy Kessler, Professor Andrew Cairns, Professor David Blake and Marsha Kessler look at how schemes can make longevity assumptions post-Covid
Pension schemes and life insurers should be prepared for a modest change to their assumptions for mortality rates in the post-Covid-19 world, an academic study suggests.
A third of female entrepreneurs in the UK are not saving any money towards their retirement, figures from Scottish Widows show.
Just under a quarter (24%) of employees never review their pension which shows a lack of engagement when it comes to retirement is a “real issue”, according to Close Brothers.
Employees will be like “rabbits in the headlights” if they are awakened to their low levels of saving too late in their working lives, it has been warned.
Trends in longevity and mortality have proven difficult to forecast historically, but are vital to funding schemes and ensuring adequate retirement pots. James Phillips explores the key influences
Collective individual defined contribution (CIDC) schemes should be sought as the next form of pension provision, a university paper has recommended.
Raising the state pension age (SPA) alone will not address challenges caused by an ageing population, according to the Centre for the Study of Financial Innovation (CSFI).
The Pensions Institute argues RAA processes should be streamlined and trustees should be able to reduce benefits in a bid to help those struggling with deficits, James Phillips reports.
An LCP report shows current fund charging strategies do not serve schemes well. Helen Morrissey looks at the issue