Longevity improvement rate slowdown set to continue, industry believes

James Phillips
clock • 2 min read

The six-year trend in falling life expectancy improvement rates has become "the new norm", according to 60% of scheme respondents to a Lane Clark and Peacock (LCP) survey.

It comes after longevity improvement rates fell from 3.1% per annum in 2011 to 1% per annum in 2016, meaning schemes holding a triennial valuation this year could see liabilities fall by 4% since t...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Norgine scheme completes £28m buy-in with Canada Life

Norgine scheme completes £28m buy-in with Canada Life

Bulk annuity transaction secures the benefits of 308 members

Martin Richmond
clock 14 May 2024 • 1 min read
Seven small undisclosed schemes complete buy-ins with Aviva and Just

Seven small undisclosed schemes complete buy-ins with Aviva and Just

Transactions secure the benefits for combined 307 pensioners and 274 deferred members

Martin Richmond
clock 10 May 2024 • 2 min read
Rathbones schemes complete £100m buy-in with Canada Life

Rathbones schemes complete £100m buy-in with Canada Life

Transaction secures the liabilities for 480 scheme members

Holly Roach
clock 09 May 2024 • 2 min read
Trustpilot