News and insights

All the latest information, news and research from the Club Vita team

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News and insights
News and insights

Vitamins Health: The Sugar Tax - sweet saviour or bitter pill?

2 October 2018

Health behaviours and levels of morbidity are key drivers for future mortality rates and can be thought of as key components of the “longevity pipeline”. The levels of health and morbidity in a population today will be stored up and reflected in how long people live in the future. In this edition of VitaMins Health we explore the subject of the sugar tax.

News and insights
News and insights

Club Vita respond to the latest ONS longevity statistics

25 September 2018

Steven Baxter, Head of Research and Development comments on the impact the latest longevity data from the ONS will have on Defined Benefit pension schemes and the outlook for future longevity improvements.

Top Charts
Top Charts

Club Vita's Top Charts Issue 7: Balancing value and risk when insuring sub-groups of pensioners

14 September 2018

In this edition Longevity Modeller, Chuyi Yang, looks at the benefits of individual assumptions when assessing the value of longevity insurance for sub-groups of pension scheme members.

News and insights
News and insights

Life expectancy could rise by nearly 4 years if we adapt to climate change

25 July 2018

Life expectancy for someone in their 20s could increase by almost 4 years if we act to combat and adapt to climate change, according to analysis by longevity specialist, Club Vita.

Top Charts
Top Charts

Club Vita's Top Charts Issue 6: Climate change

18 July 2018

In this edition Longevity Consultant, Jessica Elkin, explores the implications of rising temperatures for longevity expectations in the UK.

Top Charts
Top Charts

Club Vita's Top Charts Issue 5: Key ages in longevity risk

4 June 2018

In this edition Club Vita’s Head of Longevity Modelling, James Maloney, shows that when it comes to life expectancy for new pensioners, it is mortality rates in people’s late 70s and 80s that make the most difference.

News and insights
News and insights

VitaMins Health: Air Pollution - a major mortality driver or just a lot of hot air?

15 May 2018

Health behaviours and levels of morbidity are key drivers for future mortality rates and can be thought of as key components of the “longevity pipeline”. The levels of health and morbidity in a population today will be stored up and reflected in how long people live in the future. In this edition of VitaMins Health we explore the subject of air pollution.

Top Charts
Top Charts

Club Vita's Top Charts Issue 4: What does the Sκ parameter actually mean?

2 May 2018

In this regular column, Club Vita's longevity experts will help you visualise the often abstract world of longevity risk by introducing their own personal favourite charts. In this edition Longevity Risk Consultant, Nick Chadwick, shares a way of visually comparing the impact of the Sκ parameter on mortality projections.

News and insights
News and insights

JLT adopts Club Vita's longevity analytics through RiskFirst's PFaroe

25 April 2018

JLT has become the first actuarial consultancy to implement Club Vita’s longevity analytics capabilities through RiskFirst’s PFaroe modelling system for defined benefit pension plans. This integrated capability will enable JLT’s defined benefit clients to conveniently set best-estimate longevity assumptions, and strengthen their decision-making.

Blogs
Blogs

The case for longevity "time zones"

16 April 2018

The evidence of diversity in life expectancy is overwhelming, and the uncertain timing of future medical breakthroughs increase demand for insurance. But, the resources required - risk capital and actuarial skills - are limited. So how do you meet demand in the most efficient way? Douglas Anderson, Founder of Club Vita discusses.

Top Charts
Top Charts

Club Vita's Top Charts Issue 3: The Bee-Swarm Chart - Illustrating Diversity

5 April 2018

In the third issue of Top Charts Membership Secretary, Steve Hood, shows a chart that illustrates why it is important to capture and use all available information when setting longevity assumptions for pension schemes.

News and insights
News and insights

Response to TPR Annual Funding Statement

5 April 2018

Erik Pickett comments on TPR's Annual Funding Statement from a longevity perspective.

Blogs
Blogs

CMI’s Mortality Projections 2017 model: What’s in store for pension schemes?

16 March 2018

We take a closer look at the CMI’s latest projection of lower life expectancies and the impact this will have on scheme liabilities.

Top Charts
Top Charts

Club Vita's Top Charts Issue 2: Deaths in England & Wales Over 2017

26 February 2018

In this new regular column, Club Vita’s longevity experts will help you visualise the often abstract world of longevity risk by introducing their own personal favourite charts. In this edition Club Vita's Head of Analytics, Conor O’Reilly shows how weekly deaths in England & Wales over 2017 compare to previous years.

Top Charts
Top Charts

Club Vita's Top Charts Issue 1: Interest rates and longevity risk

19 January 2018

In this new regular column, Club Vita’s longevity experts will help you visualise the often abstract world of longevity risk by introducing their own personal favourite charts. In our first edition, Club Vita's Longevity Consultant, Erik Pickett shows how longevity risk for pension funds has grown as interest rates have fallen.

Blogs
Blogs

Lang may yer lums reek!

29 December 2017

Douglas Anderson's takes a look looks at what uncertainty 2018 may hold.

News and insights
News and insights

Today’s healthiest and wealthiest retirees are eight times more likely to live to 100 than the poorest and least healthy

23 October 2017

The number of telegrams sent by the British Monarch to 100 year olds has risen from 24 in 1917 to nearly 7,000 today. It is projected that the number of centenarians (people who live to 100 years old and beyond) will continue to skyrocket by more than 10 fold over the next 30 years. This growth is due to the higher birth rate between the first and second world wars and dramatic improvements in health and healthcare. But the picture across our population is far from uniform. UK average life expectancy is now 81, but this masks huge disparities with the wealthiest households expected to live 20 years longer than those in the most deprived areas.

News and insights
News and insights

Life expectancy amongst affluent men rising faster than the rest of the UK – Club Vita and the PLSA publish longevity trends report

26 June 2017

In our second longevity trends research report, in collaboration with the PLSA, we find that life expectancy of affluent men in the UK is rising faster than any other group.

News and insights
News and insights

VitaMins: Gaming the longevity lottery - the search for the causes of longevity variations

22 May 2017

Three recent pieces of research really move on our understanding, taking the lengthy investigation in an unexpected direction and turning the spotlight on social care provision. Since the 1960s, public health research has suggested that differences in lifestyles (smoking, drinking, diet and exercise) explain much of the variation in postcode longevity. Of course, these statistics are merely saying that the habits of people living in certain areas are associated with low or high life expectancy, and don’t prove beyond reasonable doubt that the habits are necessarily causing the variation in life expectancy.

News and insights
News and insights

VitaMins: Longevity turbulence – are higher mortality rates a blip?

30 March 2017

The debate raging in actuarial circles is whether the higher mortality levels observed in the national population is a blip or a trend back towards lower rates of improvement. Here at Club Vita we have cautioned against changing course in response to recent data points, and today we are releasing the provisional findings from our own analysis of improvement rates of members of DB pension schemes.

News and insights
News and insights

Club Vita respond to Cridland's Independent Review of State Pension

23 March 2017

Retention of the universal State Pension age reflects the narrowing socio-economic longevity gap and is good news for intergenerational fairness, but society needs to make a choice between working longer or a more generous state pension.

News and insights
News and insights

Accurate longevity assumptions could wipe £25bn off collective UK DB deficit

19 January 2017

With rock-bottom interest rates causing pension deficits to swell, trustees and sponsors of defined benefit pension schemes need to avoid unnecessary margins in assumptions. Companies with schemes facing record funding deficits in 2017 valuations will be feeling the heat. They, and scheme trustees, should look at whether they’re taking an unnecessarily prudent approach. It could be distorting important decisions on the future startegy of their schemes

News and insights
News and insights

The mystery of the vanishing nonagenarians

19 March 2013

The 2011 census revealed 15% fewer men in their nineties in England and Wales than had been projected by rolling forward those aged 80+ from the 2001 census. Why does this matter? Well, these population estimates are relied on by decision-makers, for example in planning for elderly care needs, in reserving for future pension costs and now in the growing world of longevity risk trading. The 2011 census revealed 15% fewer men in their nineties in England and Wales than had been projected by rolling forward those aged 80+ from the 2001 census.

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