UK. Slowdown in life expectancy could ease pension deficit pressure by £28b
The latest projections from the Continuous Mortality Investigation (CMI) would reduce life expectancies at 65 by around 1.3% for males and 2% for females, compared to the previous version of the model. According to Mercer's Pension Risk Report, at 30 December 2016 the pension liabilities for FTSE 350 employers were £857 billion so, in total and to the extent the experience underlying the new model has not already been allowed for, the adjustment could remove around £28 billion of...
