Why schemes must avoid overreacting to disrupted CMI Model

clock • 4 min read

While the CMI Model of longevity improvements has proved reliable, Covid-19 threatens to cause it to show an unrealistic falls in life expectancy. Tim Gordon explains why the industry should not overreact

In these days of liability-matching investment, mortality projections are a critical component to placing a value on pension scheme liabilities. And we have become accustomed to the drum beat of th...

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