The Uncertain Future of Longevity
- Topics:
- Accounting software
- Tags:
- Annuity,
- Payroll Solutions,
- Liability,
- Investment,
- Insurance,
- Financial Planning,
- Finance,
- Corporate Insurance,
- Business Operations,
- Watson Wyatt Worldwide
- Source:
- Watson Wyatt Worldwide
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Overview: More than ever before, pension fund and life insurance liabilities are sensitive to changes in mortality. In the UK, annuity and deferred annuity liabilities of pension schemes and insurers amount to over ú1 trillion. Historically much attention has been paid to investment risks but increasingly recognition is being given to the risks of increases in life expectancy. The paper re?ects that the greater maturity and closer hedging of investment risks for these liabilities, as well as the increased sensitivity of liabilities to mortality arising from lower interest rates.
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Format: PDF | Size: 723KB | Date: Oct 2005 | Pages: 28





