How could recent
mortality and new CMI proposals affect your pension scheme?
22 February 2023
The Continuous Mortality Investigation (CMI) is consulting on proposals for the next version of its Mortality Projection Model.
The consultation focuses on the high mortality rates seen in England & Wales in 2022 and the extent to which these should be reflected in the model.
The CMI has indicated that it believes mortality in 2022 may be indicative of future mortality to some extent, unlike the exceptional mortality seen in 2020 and 2021 during the peak of the pandemic.
In our on-demand webinar, we take a look at recent mortality experience and how this has varied between groups, as well as discuss some of the drivers of excess mortality and the extent to which recent experience can inform our view of the near future. We also consider how the proposal could impact on DB schemes setting funding and accounting assumptions.
Join our experts Stuart McDonald MBE, LCP partner and deputy chair elect of the Continuous Mortality Investigation (CMI) and founder of the COVID-19 Actuaries Response Group, and Ben Rees, Senior Consultant in our actuarial and de-risking practices for the discussion and Q&A.
- What does recent mortality experience tell us about the years ahead?
- What’s in the CMI consultation and why is it relevant to your pension scheme?
- What else is changing in the model?
The consultation closes on 28 February. This webinar will be particularly relevant if you plan on responding to the consultation. Please also get in touch if you would like to discuss LCP’s response.