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CMI’s New Guidelines on Mortality Projection - A Qualified Welcome from Club Vita
The CMI’s (Continuous Mortality Investigation) prototype Mortality Projections Model (published 19 June 2009) has been prompted by its concern about the widespread use of Interim Cohort Projections.
Club Vita responds to Financial Reporting Council remarks on pensions accounting
Steven Baxter, Longevity Expert at Club Vita, said: “The Financial Reporting Council (FRC) has called for a balanced and realistic view of the cost of pensions to companies – and rightly so.
50 pension schemes tackle longevity risk head-on
Club Vita sees rush for membership
Brits believe stress will shorten their life spans
Nation fears loneliness and loss of independence in old age

The population is living longer... great news, but it makes managing your pension fund more difficult. By enabling schemes to share data, Club Vita helps control your biggest unmanaged risk - longevity. We’ve already helped over 100 large schemes and now we’re inviting more to benefit.

WILL LONGEVITY TAKE A BITE OUT OF YOUR FUND?
Longevity is one of the most significant risks facing pension schemes. The consequences of 'getting it wrong' are serious: being out by just a single year could affect your fund by 3% of your liabilities. For a £500m fund, this would be £15m.

CRUMBS OF COMFORT...
Club Vita provides its members with a framework to manage longevity risk. We provide a scheme-specific analytical service for you to share with your existing advisers, to make the best decisions possible. This will help you:
. avoid over/under reserving
. avoid triennial surprises from longevity
. provide a solid basis for LDI, buy-out or risk transfer decisions
. implement appropriate governance of longevity risk

DON'T LEAVE YOUR SCHEME HALF-BAKED...
Club Vita is rapidly becoming the accepted approach for longevity risk management. Many of the biggest schemes in the country have already joined.

If that doesn’t yet include your scheme, call us to discuss how we can help you manage one of your most significant pension scheme risks.