UK/US - Global Pensions speaks to Amy Kessler, senior vice president and head of longevity reinsurance at Prudential Retirement about longevity risk.
Kessler was speaking on the sidelines of the Seventh International Longevity Risk and Capital Markets Conference in Frankfurt, Germany last week, where she told delegates the US has a lot to learn from the UK about getting to grips with longevity.
With pressures on health unlikely to abate in the near future, Aon's Guide to Risk Settlement analyses the cost of longevity reinsurance.
"The solvency deficit reported by our scheme actuary is much bigger than the company can afford. It's not worth us thinking about buyout now.. is it?"
Navigating the settlement market to find a solution that best meets an investor’s needs is a challenge that continues to plague the market
Concerns have been raised about making members more aware of risks to their defined benefit (DB) pensions, for fear of leading to panic and knee-jerk reactions.
The de-risking phenomenon is drying up long-term investment in younger generations as companies are forced to put more into defined benefit (DB) schemes, according to Ashok Gupta.