In light of future uncertainty, this year's annual funding statement from The Pensions Regulator is guiding schemes to consider using scenario analysis on investments, covenant and mortality.
In addition, the new CMI 2020 projection model introduces a new parameter which gives more flexibility in how you set longevity assumptions and decide how much weight to put on the COVID-19 pandemic experience.
XPS COVID-19 Analytics can illustrate scheme specific mortality scenarios and provide evidence to justify your choice of the new 2020 weighting. This short video explains how trustees and sponsors can reflect the Regulator's Statement and set the new CMI 2020 parameter based on the specifics of your scheme.
For more information contact [email protected]
Head of Demographics
XPS Pensions Group