UK - The Financial Services Authority (FSA) has warned life insurance companies to strengthen their life expectancy assumptions and set more money aside to pay long-living pensioners.
In a letter from the FSA to CEOs of ‘life companies and friendly societies with annuity liability greater than £100m’ it said: “We are aware that reasonable assumptions for future annuitant longevi...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
