Companies fail to address increasing scheme member longevity

gaches-andrew-hymans

Some of the country's largest firms are ignoring the threat of increased member longevity and have failed to increase their assumptions, analysis of accounts reveals.

Longevity analysis firm Club Vita scrutinised the 2010 annual accounts of 118 FTSE 350 companies with defined benefit pension schemes. It found 57 of these had not increased their longevity assumptions – despite male life expectancy at age 65 increasing by more than three months a year.

However, the company said the remaining 61

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here