Turner issues longevity warning

Speaking in relation to longevity at a seminar for the Actuarial Profession, Turner said: “Uncertainties about future life expectancy are greater than previously recognised.” He believes public policy and pension fund management should be formed on the on the basis of male life expectancy of 65 in 2050 increasing by anywhere between 20 and 29 years. Turner said: “The government should not issue very long-term longevity bonds since it already faces significant exposure to increased life expectancy. Long-term pre-retirement longevity risk should be borne by individuals who will have the o...