pension

Hymans Robertson, the specialist pensions advisory and management firm, has published a report looking at the health of the UK’s FTSE 350 companies pension schemes. The report finds that the aggregate deficit, or shortfall, in these pension schemes has seen a £33 billion improvement. As a result Hymans Robertson suggests that pension schemes focus will […]

The longevity risk transfer market is one area of reinsurance and risk transfer that is slated for growth during 2011. Industry experts are saying that the sector which involves pension scheme buy-outs, re/insurance, bulk annuities and longevity swaps is expected to grow, and since Swiss Re successfully transferred $50m of longevity trend risk to the […]

To tackle the issue of longevity risk, the risk of an increasingly ageing population and the impact that will have on pension liabilities, the re/insurance industry will need to work closely with both governments and capital markets. On its own the re/insurance industry does not have the capacity to assume the amount of longevity risk […]

Goldman Sachs has completed its acquisition of Paternoster, an insurance company specialising in pension risk transfer. Goldman Sachs already owns Rothesay Life, another specialist in the pension risk transfer market. The two companies will remain separate for a short time until a merger of the two can be arranged.

Towers Watson, the global professional services company, has published its five predictions for the pension market in 2011. Their fourth prediction is for an increase in longevity risk hedging among pension schemes and they state that improved access to tools which allow pension schemes to evaluate their longevity risk exposure should enable more schemes to […]

The UK governments Department for Work and Pensions has released some data showing their latest projections for how many citizens living in the UK will make it to age 100 and how many centenarians there will be in the future. The stark figures show longevity increasing rapidly and should serve as a warning to pension […]

The Organisation for Economic Co-operation and Development (OECD) is to begin a research project looking into longevity risk in January. One of the aims of the research (according to Global Pensions) is to look into the possibility of establishing government issued life expectancy indices.

Metlife has published a study undertaken by its U.S. and UK businesses which compare the current state of pension fund risk management and pension fund sponsor and trustee attitudes to risk between the U.S. and the UK.

Pension funds are facing up to their increasing longevity risks by seeking new ways to transfer their risks to other parties, the capital markets or into investments. GlaxoSmithKline are the latest to enter into a deal which sees them enter into bulk annuity contracts with Prudential to pass on the risks for 15% of their […]

We wrote yesterday about the changes to longevity expectations in the UK according to an actuarial study. Now it seems the Dutch have completed a similar study into their populations life expectancy and concluded the same: that longevity is increasing and pensions funds and insurers need to learn to deal with that risk.