Longevity assumption update could save sponsors 'millions'

Hymans Robertson finds CMI model update could mean 3% reduction in liabilities

Jasmine Urquhart
clock • 2 min read
Hymans Robertson says schemes and sponsors need to update their longevity modelling given ongoing uncertainty after the pandemic
Image:

Hymans Robertson says schemes and sponsors need to update their longevity modelling given ongoing uncertainty after the pandemic

Updating longevity assumptions to reflect more recent views on life expectancy could save sponsoring employers “millions”, research from Hymans Robertson finds.

The research, which assessed how various longevity models from the Continuous Mortality Investigation (CMI) would affect upcoming three-year valuations, found an update to the longevity assumptions...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Tender Watch: LGPS re-appoints Equiniti as admin software supplier

Tender Watch: LGPS re-appoints Equiniti as admin software supplier

LGPS re-appoints Equiniti as software supplier on national framework for a further four years

Professional Pensions
clock 15 April 2025 • 1 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 04 April 2025 • 1 min read
Caravan and Motorhome Club scheme transitions to Standard Life plan

Caravan and Motorhome Club scheme transitions to Standard Life plan

Contract sees scheme join firm’s Group Flexible Retirement Plan

Jasmine Urquhart
clock 02 April 2025 • 1 min read
Trustpilot