Rising longevity poses a much greater threat to companies with defined benefit (DB) pension schemes than low interest rates, Fitch Ratings has warned.
By analysing the financial results of 19 companies in the FTSE 100, it found a two-year increase in longevity would increase their total 2014 reported pension deficits by 47% to almost £75bn. This longevity...
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the February 2021 estimates on the various measures…
Rothesay has concluded a £120m buy-in with the West Ferry Printers Pension Scheme, covering all remaining pensioner and deferred liabilities.
The Metropolitan Tower Life Insurance Company (MetLife) has reinsured approximately $5bn (£3.6bn) of Rothesay pension liabilities.
DB scheme consolidator Stoneport hopes to get 100 schemes signed up by the end of next year, but employer covenant will be vital, chief executive Richard Jones tells James Phillips.
The outlook for future longevity in the UK has not necessarily worsened as a result of the coronavirus pandemic, Aon says.