Reinsurance: Longevity - Making the A grade

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Ron Wheatcroft discusses how three reports published in September demonstrate the difficulties in funding an ageing society.

September is traditionally the month when children return to school and study in the hope that good grades and favourable reports will come at the end of the school year. For our industry, this particular month has seen three new reports about funding the older ­generation’s increasing longevity. First, the Association of Consulting Actuaries (ACA)published its study of workplace pensions, Alarm Bells Ringing. The title is particularly apt as its research reveals that a third of larger employers are looking to decrease pension spending. In addition, “at least two-thirds of emplo...

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