UK - A tool to help trustees and scheme sponsors calculate the impact of the Pensions Regulator's proposed new mortality assumptions has been developed by Hymans Robertson.
Four Score & Ten, available at www.hymans.co.uk, aims to helps trustees and sponsors grasp the financial impact of this new longevity trigger on their schemes and understand how the value placed on pension scheme liabilities could change.
Steven Baxter, a consultant at Hymans Robertson, said: "The impact of moving to the regulator's new yardstick varies from scheme to scheme, but it would not be uncommon to see increases in the value placed on liabilities of between 10% and 20%.
"The price will be too high not to be challenged by sponsors, so we expect to see more schemes giving extra scrutiny to their longevity assumptions."
Douglas Anderson, partner at Hymans Robertson, said Four Score & Ten was the first in our planned series of tools designed to equip pension funds with the ability to accommodate longer life spans.
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