'Unnecessarily prudent' longevity estimates cost DB schemes £25bn

James Phillips
clock • 2 min read

The collective defined benefit (DB) deficit could be slashed by £25bn if schemes used more accurate longevity assumptions, according to Club Vita.

Funds are typically over-estimating longevity and increasing liabilities by 1%, equivalent to paying everyone's pensions for four months after their death. Schemes with over £1bn of assets under...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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