Longevity Risk
Longevity hedging most popular tool in endgame planning
Schemes are increasingly looking at longevity hedging as part of their de-risking process, according to a survey by Insight Investment.
Zurich insures £800m of FTSE 100 scheme longevity risk
Zurich has agreed to insure £800m of longevity risk for the pensioners of a FTSE 100-sponsored pension scheme.
How wearables will disrupt life expectancy
There are a wide range of possible life expectancy disruptors. PwC's Paul Kitson looks at how one of these, wearables, could impact schemes.
CMI data shows further mortality improvements
Pension schemes face higher liabilities as improvements in mortality rates trend towards their highest level in a decade.
Schemes urged to act on bulk annuities as funding 'crumbles'
Defined benefit (DB) schemes should act now to insure members’ benefits before an “anomaly” in the markets is corrected, Prudential Retirement has said.
PIC signs £5.8bn of bulk annuity business in H1
Pension Insurance Corporation (PIC) has so far racked up £5.8bn of buyouts and buy-ins with defined benefit schemes this year, while reinsuring £7bn of longevity risk, it has revealed.
How Rolls-Royce completed its £4.6bn buyout with L&G
Following Rolls-Royce's record buyout earlier this month, James Phillips speaks to some of the key players about the process.
Prudential Retirement reinsures $2.6bn of UK pension risk
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Aviva completes £1bn longevity reinsurance deal with Prudential
The Prudential Insurance Company of America (PICA) has agreed to assume approximately £1bn of pension liabilities from Aviva's bulk annuity business.
Keeping up with UK longevity trends
David Weeks says pension schemes need to give attention to risks that flow from longevity trends.
MMC Pension Fund completes mammoth £3.4bn longevity risk transfer
The Marsh & McLennan Companies (MMC) UK Pension Fund has finalised a £3.4bn longevity risk transfer to the global reinsurance market through a captive solution.
Understanding the limitations of the CMI longevity model
The Continuous Mortality Investigation's (CMI's) longevity model is a useful projection tool for schemes but, as Amy Kessler explains, it has key limitations.
A dip or a blip: What do falling life expectancies mean for DB schemes?
Mortality improvements have declined for yet another year, ducking previous estimates. James Phillips explores what this means for pension schemes
Mortality improvements in the noughties may have been the blip
Higher health and social care spending between 2000 and 2010 may have caused a blip in longevity estimates by accelerating improvements, according to Barnett Waddingham.
Prudential agrees £1bn longevity reinsurance deal with Rothesay Life
Prudential Retirement has reinsured benefits for around 22,500 pensioners, after taking on liabilities from Rothesay Life in their sixth deal together.
People need more support and more savings to make the pension system fit for purpose
Professor David Blake gives his view on how the pensions system can be improved.
Pension dashboard fee is too high and deters small providers
The ABI is charging too high fees for providers to take part in the pension dashboard and it would alienate smaller firms, the industry has said.
Have your say: Which asset class will perform well in 2017?
In the final Pensions Buzz of 2016, we want to know which asset class you would bet on doing well next year.
Is partial annuitisation the best way to protect retirees?
The OECD believes annuities are part of the solution to prevent people running out of money in retirement. Michael Klimes asks how viable this is in the era of Freedom and Choice
Schemes should build vaping and obesity into longevity risk models
Defined benefit scheme (DB) trustees and sponsors need to think more about how factors such as vaping and obesity will affect longevity risk, according to Mercer.
L&G adds to bulk annuity and longevity insurance team
Legal & General's (L&G) pension risk transfer business has hired Frankie Borrell from Partnership.
Pirelli enters £600m longevity swap
Pirelli has completed a longevity swap transaction with Zurich for £600m of liabilities across its two main defined benefit (DB) pension schemes.
Scottish Power enters £1bn longevity swap
Scottish Power has completed a longevity swap with Abbey Life to hedge £1bn of liabilities, covering 4,000 pensioners in the Manweb section of the Electricity Supply Pension Scheme.
Club Vita and L&G launch automated longevity swap pricing
Club Vita has joined forces with Legal & General (L&G) to make longevity insurance solutions more accessible for smaller defined benefit (DB) pension schemes.
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