by Paul Sweeting | Mar 30, 2017 | All, Investment, Longevity
The latest Continuous Mortality Investigation (CMI) report in the UK has suggested that mortality improvements will be significantly less than had been expected even last year. Life expectancy for a 65 year-old man has fallen by 1.3% or nearly four months, and for a...
by Paul Sweeting | Jan 3, 2017 | All, Longevity, Pensions
The Pensions Act 2014 requires the UK Government to review the State Pension age (SPA) during each Parliament, and the first such review closed on 31 December 2016. In its response to this review, the the Pensions and Lifetime Savings Association called for no further...
by Paul Sweeting | Dec 13, 2016 | All, Investment, Pensions
A growing number of commentators are arguing against the use of bond yields to value defined benefit pension liabilities. These objections often focus on the asset allocation of these pension plans, which they assert typically include significant investments in...
by Paul Sweeting | Oct 11, 2016 | All, Investment, Pensions
The subject of pension scheme investment in infrastructure is on the agenda once again, and it is clear why. The United Kingdom needs increased investment in infrastructure, and pension schemes need long-term investments. Many infrastructure investments offer...
by Paul Sweeting | Oct 3, 2016 | All
When I qualified as an actuary, it was made clear that qualification was not the end of the journey. It was stressed that just because we’d passed some exams, that didn’t mean we knew everything: we’d continue to learn throughout our careers. Obviously, this isn’t...
by Paul Sweeting | Sep 15, 2016 | All, Pensions
The UK Government has essentially ruled out breaking the laws on pensions to save Tata Steel. This is the right decision. However, just because Tata Steel is no longer on the front pages, this should not detract from the fact that there is still a pensions crisis in...
by Paul Sweeting | Aug 1, 2016 | All, Industry News
It’s hard to imagine a time when there was more uncertainty, at least in living memory. The most recent comparison is the global financial crisis that started in 2008. Then, nobody knew exactly what exposure the banks had, which threatened the stability for the global...
