Swiss Re calls for better longevity forecasting
by Richard Kilner
Story link: Swiss Re calls for better longevity forecasting
New research from Swiss Re has revealed that the continual rise of life expectancy has consistently been underestimated. Whilst greater longevity is good news it also means that a pensions shortfall has developed, a problem worsened by the fact that forecasting rises in life expectancy is more difficult than in the past. Daniel Ryan, Swiss [...]
Abbey Life secures BMW pension longevity insurance
by Gill Montia
Story link: Abbey Life secures BMW pension longevity insurance
Abbey Life has announced that it has secured the “largest ever” longevity insurance transaction. The Deutsche Bank-owned firm will provide the BMW (UK) Operations Pension Scheme with a hedge for life expectancy risks associated with nearly £3 billion of pension scheme liabilities relating to around 60,000 pensioners. The deal involved Abbey Life making use of [...]
L&G enters longevity market
by Gill Montia
Story link: L&G enters longevity market
Legal & General (L&G) has entered the longevity insurance market. According to the group, life expectancy at age 65 in England and Wales has increased by around one to 2.5 years each decade in the last three, for both males and females. Pension schemes are therefore exposed to the risk that their life expectancy assumptions [...]
