The Institute and Faculty of Actuaries (IFoA) has warned increases in life expectancy could lead to individual hardship and put a strain on the benefits system.
Will funds benefit from increased mortality rates?
PP talks to Amy Kessler about the booming longevity risk market
Heineken's Scottish and Newcastle Pension Plan has completed a £2.4bn longevity swap with Friends Life.
Operating profits at Pension Insurance Company rose in the first six months of the year, despite a 62% drop in new business for the bulk annuity provider.
Legal and General (L&G) has reinsured longevity risk relating to $2.9bn (£1.9bn) of pension liabilities in its bulk annuity business through Prudential Retirement Insurance and Annuity Company.
The trustees of the AXA UK Group Pension Scheme have agreed a £2.8bn longevity swap with Reinsurance Group of America (RGA).
Taking 'freedom and choice' to the masses
UK retirees will suffer if 'freedom and choice' causes the collapse of the annuity market, says Tor Financial managing director David Harris.
The development of a capital market for longevity risk would ease the debt burden on future generations, Natasha Browne hears