IMF warns 'underestimated' longevity risk could bring economy down

clock

UK public sector debt could soar to £750bn if the government does not address longevity risk, the International Monetary Fund has warned.

The IMF warned in a report that longevity risk is "consistently underestimated" by both governments and pension providers. It said if individuals live three years longer than expected, the incre...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Management

Partner Insight: Aon UK Risk Settlement Bulletin

Partner Insight: Aon UK Risk Settlement Bulletin

Latest edition of the Aon UK Risk Settlement Bulletin is now available.

Aon
clock 21 May 2025 • 1 min read
Increased risk to assets and liabilities expected this year

Increased risk to assets and liabilities expected this year

Ortec Finance finds pension executives are aware of market volatility and inflation effects

Jasmine Urquhart
clock 06 February 2025 • 2 min read
New Crown scheme completes £2.2m buy-in with Just Group

New Crown scheme completes £2.2m buy-in with Just Group

Transaction secures benefits of 36 members, with First Actuarial as lead risk transfer adviser

Jasmine Urquhart
clock 22 November 2024 • 2 min read
Trustpilot