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Pensions & benefits

Making sense of longevity trends

Making sense of longevity trends - a guide to the key issues for defined benefit pension schemes

There are few hotter topics in the pensions industry right now than longevity, with recent slowdowns in life expectancy improvements and the implications for defined benefit pension schemes widely reported in both the pensions and national press. 

In our new report, we reveal the results of our exclusive survey into pension schemes’ views on life expectancies and attitudes to longevity risk. The survey reveals that, while there are a wide variety of views about where life expectancy trends will go in the future, most schemes are taking steps to actively manage their exposure to longevity risk. 

What's inside?

As well as revealing the results of our survey, the report also seeks to demystify longevity trends, with insights into:

  • what is driving the latest life expectancy trends;
  • how the insurers and reinsurers are allowing for the uncertainty in their pricing;
  • how pension schemes should approach the decision around whether and when to hedge longevity risk; and
  • how pension schemes can assess whether hedging longevity risk offers good value for money.

 

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Longevity risk and your pension scheme

Find out if you're thinking about longevity risk in the right way... click here to answer three simple questions about your scheme

 

How we can help

LCP Sonar

LCP Sonar, our risk profiling tool, benchmarks your scheme against other pension schemes, covering covenant, funding and investment risks. You can quickly see how your scheme’s risk profile compares to others and think about the key risks for you.

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Buy-ins, buy-outs and longevity swaps

We are market leaders at each stage of de-risking, including planning, investment strategy, transactional services and wind up.

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Actuarial advice

We provide individual and high quality actuarial advice, taking a collaborative approach between trustees, employer and advisers, to ensure a focus on good member outcomes.

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LCP LifeAnalytics

LCP LifeAnalytics is a unique tool that allows you to measure the longevity risk in your pension scheme.

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