Canadian mortality data highlights longevity challenge for pension funds

Longevity risk transfer market must overcome fundamental issues

Canada is the new frontier of longevity risk management. The country’s total pension liabilities hover at around C$1 trillion (£540 billion), according to some estimates, representing both a big challenge to fund administrators and a major opportunity to life re/insurers. During the past few years, pioneering firms have sought to tap this potential by attempting to persuade plan sponsors of the need to manage their longevity exposures and offering solutions to help them take it off their books