Longevity risk

Apocalyptic demography? Putting longevity risk in perspective

UK life expectancy has nearly doubled over the past 150 years, and has consistently exceeded official projections. 

There is currently no commonly accepted forecasting model when it comes to predicting longevity risk, and substantial increases in life expectancy could potentially undermine the financial viability of defined benefit pension schemes.

Our report (PDF 1.8MB) and checklist (PDF 484KB) will allow finance directors to put longevity risk in perspective by focusing on issues such as current life expectancy, projected life expectancy and the types of longevity risk to which their organisation may be susceptible. 

It will help them when discussing, with their actuary, the basis of mortality assumptions used in estimating their scheme liabilities.

This report is published in association with the Pensions Institute at Cass Business School. Copies are available from CIMA. Please email innovation.development@cimaglobal.com for more information.

Information is correct as at April 2008.

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