All longevity articles – Page 4
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News
HSBC scheme agrees £7bn longevity swap package
On the go: Trustees of the HSBC Bank UK Pension Scheme have agreed the second-largest longevity swap in UK history, insuring £7bn of the scheme's liabilities against living too long.
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News
PIC de-risking reaches £6bn in H1 with £40bn in pipeline
On the go: The Pension Insurance Corporation has completed nine de-risking transactions totalling £6bn in the first half of 2018, a record for the company with a pipeline of new business of more than £40bn.
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News
New parliamentary group looks at benefits of longevity
On the go: The new All Party Parliamentary Group for Longevity has outlined plans to introduce a national strategy for healthy longevity, focusing on the benefits – rather than the problems – of ageing.
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News
Life expectancy in London boroughs varies by 20%
On the go: There are huge differences in life expectancy in the UK, even across neighbouring postcodes, data specialist CACI has found.
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News
New lower life expectancy figures trim £20bn off DB liabilities
On the go: Life expectancies at age 65 are around five months lower for both males and females than they were a year ago, at 19.8 years and 22.4 years according to the Continuous Mortality Investigation. The figures come with caveats but are expected to cut £20bn from FTSE 350 defined benefit liabilities.
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FeaturesLafarge pension scheme enters into longevity swap to reduce risk
The Lafarge UK Pension Plan has entered into a longevity swap with a global reinsurance company, in a bid to reduce the scheme’s exposure to longevity risk.
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News
IFS: Bad assumptions damage annuity value assessment
On the go: Declining annuity sales are driven by individuals consistently underestimating how long they will live, according to new research form the Institute for Fiscal Studies.
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News
Govt must act on social care as crisis looms with rise in ageing population
On the go: A quarter of UK residents will be aged 65 years or over within the next 50 years. This is a result of improvements in life expectancy.
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OpinionHow should schemes react to stagnating life expectancy?
Life expectancy in the UK has flatlined in the past two years. Is this a blip, or will we see a return to the fast improvements seen at the start of the century? Hugh Nolan, director at Spence & Partners, discusses how trustees can manage scheme funding despite this uncertainty.
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OpinionDo you want to live forever?
Editorial: Longevity serves as a useful euphemism in the pensions world.
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News
Life expectancy flatlines for first time in decades
Life expectancy in the UK has flatlined in the last two years, according to the Office for National Statistics, with drops in the life expectancy of babies born in Scotland and Wales putting an end to decades of improving longevity.
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OpinionHow will the ageing population affect markets?
Of all the forces set to reshape the investment landscape over the coming decades, one stands above all others – the ageing of the world population.
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News
Bulk annuity volumes break H1 record
On the go: UK pension schemes entered into a record £7.8bn of buy-ins and buyouts in the first half of 2018, as large 'back book' transfers between insurers failed to disrupt the market's capacity.
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OpinionWhat can be done to address ‘survival pessimism’ in pensions?
Club Vita’s Nick Chadwick and Erik Pickett discuss the role of the pensions industry and government in communicating the uncertainty in future lifespans and designing products that help people manage this risk.
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OpinionInsurance longevity swaps: Illuminating exits
2018 is expected to be a buoyant year for the longevity risk transfer market, with the recent decline in national mortality improvements not only having a positive impact on pension scheme funding, but also being reflected in more attractive longevity reinsurance pricing.
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News
National Grid and Zurich complete longevity transaction
More than £2bn of pensioner liabilities of the National Grid Electricity Group of the Electricity Supply Pension Scheme have been covered by an intermediated longevity swap deal with insurer Zurich.
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News
Savers misjudge lifespans, as experts call for comms overhaul
Savers are underestimating their life expectancy, with ‘survival pessimism’ potentially driving the unpopularity of annuities, according to a new report.
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OpinionSchemes need a clear strategy for managing longevity risk
Longevity rates in general have been rising, but there is evidence to suggest the pace of improvements has recently slowed. So what does this mean for trustees? John Dewey at Aviva Investors explains.
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News
Lower rises in life expectancy are no longer a blip
The recent slowdown in life expectancy rises has settled into a general trend, according to new data.
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News
Life expectancy falls by a year in some regions
Life expectancy growth in England is slowing, with some regions experiencing a drop of one year, according to research by Public Health England.