The story so far

From the first glimmer of an idea in 2006, to nearing our 10th birthday, Club Vita’s journey so far has helped develop the industry’s approach to longevity risk management and driven market innovation.

2017
Highlight
Continued growth

Today, we have over 220 leading UK DB pension schemes, with over £300bn of liabilities, pooling their data through Club Vita. Our dataset, the largest and richest of its kind, includes records for 1 in 4 UK DB pensioners.

Collaboration with PLSA

Case study
Collaboration with PLSA

Publication of our second research report on longevity trends by social-economic group, reveals life expectancy of affluent men in the UK is rising faster than any other group

2016
Case study
Sector analysis

Sector-wide study of bus company pensioner survival patterns increases confidence.

Collaboration
Cridland Collaboration

Club Vita contributes to John Cridland’s independent review of state pension age.

ILC Collaboration

Collaboration
ILC Collaboration

Supporting the thought leadership of the International Longevity Centre.

Milestone
VitaHedge Innovation

VitaHedge is the first indicative pricing service for longevity insurance, helping longevity risk become marked-to-market.

Club Vita goes global

Milestone
Club Vita goes global

Vita Canada launches trial, leading to first postcode based model for Canada, and strong parallels with UK experience.

2014
NAPF Collaboration

Collaboration
NAPF Collaboration

Publication of our first research on longevity trends by socio-economic group, reveals narrowing of longevity gap between 2000-2010.

Milestone
LGPS Index

Local government index launched.

CASS Collaboration

Collaboration
CASS Collaboration

Research with CASS to quantify longevity basis risk, showing that national population indices would hedge around 75% of trend risk.

Milestone
Fifth birthday

180 supporters. Period life expectancy is 84.1 for men and 86.7 for women.

2011
Highlight
VitaCurves Innovation

First reinsurer uses VitaCurves to help it provide competitive pricing for longevity transaction.

2010
Milestone
Membership milestone

100th scheme joins Club Vita early in 2010.

Highlight
Industry first

Club Vita insights used to help pension fund complete longevity risk transfer deal (they have subsequently been used in over half the completed transactions).

Highlight
PPF joins Club Vita

2009
VitaCurves Innovation

Highlight
VitaCurves Innovation

First vintage of VitaCurves model used in actuarial valuations, reviewed by auditors and regulators.

Highlight
Growing team

Steven Hood (membership secretary) joins Club Vita’s team to lead its growth.

Milestone
Club Vita officially launches

Club Vita launches with support of 49 visionary founding schemes. Period life expectancy is 83.0 years for men and 85.6 years for women.

2008
Highlight
Growing team

Nick Flint (chief executive) joins Club Vita.

Milestone
Club Vita pilot

Free pilot supported by 88 schemes demonstrates the benefits of clubbing together to pool data.

Expand

Enabling a wider spectrum of life expectancy assumptions and revealing an unbroken series of annual increases in period life expectancy in its back history of 15 years.  Period life expectancy was 79.6 years for men and 83.5 for women in 1993.

2007
Highlight
Growing team

Steven Baxter, Andrew Gaches and Mike Wilkinson join Douglas Anderson at the creative heart of designing and building Club Vita’s new informatics architecture.

Milestone
Club Vita is born

Partners of Hymans Robertson agree to invest in long term vision for longevity informatics business. Project Vita is renamed Club Vita.

2005
Highlight
LGPS Longevity trends

Hymans Robertson’s review of demographic patterns in local government (to inform review of early retirement rules) showed the benefits of aggregating data across multiple schemes, revealing that longevity patterns are associated with socio-economic differences.

2004

Need more information?

Club Vita could not deliver the vast array of statistical insights without our gifted team of consultants, database architects and data processors.