I agree We use cookies on this website to help us provide the best user experience. By browsing this site you agree to their use - more information is available here.

Barnett Waddingham
0333 11 11 222
Life expectancy has been increasing rapidly in recent years, so defined benefit pension schemes are investing more time considering the most appropriate assumptions to use:
  • to gain a better indication of the ultimate cost of running a scheme and avoid adverse financial experience emerging gradually over time
  • to understand the nature of the risks inherent in the mortality assumption, while mitigating as far as possible the risk that mortality tables are not representative of the scheme members
  • where it applies, to comply with The Pension Regulator’s guidance that trustees should consider evidence when setting mortality assumptions

Our client teams work in tandem with our specialist Longevity Consulting team to provide a concise report making best use of the data available and tailored to the specific needs of your scheme.  

This report is intended to inform your understanding of the assumptions being considered for the forthcoming valuation, i.e. the choice of base table, any adjustments needed to it and an allowance for future improvements in longevity.  It also provides schemes with an understanding of the level of prudence contained in the mortality assumptions, to give confidence that the assumptions are reasonable for the scheme’s members.

Read our latest briefing note

For information on our longevity analyses for defined benefit pension schemes

Related knowledge and resources

Blogs

  • Picture for Buy-outs and Buy-ins Report 2016
    Buy-outs and Buy-ins Report 2016

    Our 2016 Bulk Annuity Annual Report discusses the latest developments in the buy-in and buy-out market. We highlight important issues for trustees and sponsoring employees as well as summarising the views of insurers on key aspects of the market.

  • Picture for Buy-outs and Buy-ins Report 2015
    Buy-outs and Buy-ins Report 2015

    Following a record-breaking year in 2014 where over £13bn of bulk annuity transactions were completed, experience over the first half of 2015 suggests another potentially strong year for the market. Find out more in our latest research report.

  • Expert witness reports

    Our experience, breadth of technical knowledge and communication skills makes us ideally placed to provide expert witness reports. A number of our experts have given evidence in court and many more have prepared expert witness reports.

  • Further support for Crisis at Christmas

    A raffle held at the Barnett Waddingham staff Christmas party has helped to raise additional financial support for Crisis at Christmas – the charity that aims to end homelessness and help change people’s lives for the better.

Trustee Training

Our regular courses are aimed at both new trustees and those seeking a reminder of the basics of trusteeship.

Find out more

Register for your choice of email alerts

Stay ahead with our latest comment, expert insight and event details.