CBI calls for longevity bonds push welcomed by industry groups

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Calls by the Confederation of British Industry (CBI) for the UK government to create a market for longevity bonds have been praised by senior figures in the UK pension sector.

As part of a comprehensive eight-point action plan to restore confidence in the long-term viability of defined benefit pension schemes, the CBI has called on the government to "seed a market for products that help firms manage their liabilities, such as longevity bonds".

Professor David Blake, director of the Pensions Inst