Making sense of longevity trends - a guide to the key issues for defined benefit pension schemes
There are few hotter topics in the pensions industry right now than longevity, with recent slowdowns in life expectancy improvements and the implications for defined benefit pension schemes widely reported in both the pensions and national press.
In our new report, we reveal the results of our exclusive survey into pension schemes’ views on life expectancies and attitudes to longevity risk. The survey reveals that, while there are a wide variety of views about where life expectancy trends will go in the future, most schemes are taking steps to actively manage their exposure to longevity risk.
As well as revealing the results of our survey, the report also seeks to demystify longevity trends, with insights into:
- what is driving the latest life expectancy trends;
- how the insurers and reinsurers are allowing for the uncertainty in their pricing;
- how pension schemes should approach the decision around whether and when to hedge longevity risk; and
- how pension schemes can assess whether hedging longevity risk offers good value for money.
Longevity risk and your pension scheme
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How we can help
LCP Sonar, our dynamic risk profiling tool, helps you to identify and prioritise risk management in an integrated way, as well as showing you how you stack up against others.
We are market leaders at each stage of de-risking, including planning, investment strategy, transactional services and wind up.
We provide individual and high quality actuarial advice, taking a collaborative approach between trustees, employer and advisers, to ensure a focus on good member outcomes.
LCP LifeAnalytics is a unique tool that allows you to measure the longevity risk in your pension scheme.