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.
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
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
Sector analysis
Sector-wide study of bus company pensioner survival patterns increases confidence.
Cridland Collaboration
Club Vita contributes to John Cridland’s independent review of state pension age.
ILC Collaboration
Supporting the thought leadership of the International Longevity Centre.
VitaHedge Innovation
VitaHedge is the first indicative pricing service for longevity insurance, helping longevity risk become marked-to-market.
Club Vita goes global
Vita Canada launches trial, leading to first postcode based model for Canada, and strong parallels with UK experience.
NAPF Collaboration
Publication of our first research on longevity trends by socio-economic group, reveals narrowing of longevity gap between 2000-2010.
LGPS Index
Local government index launched.
CASS Collaboration
Research with CASS to quantify longevity basis risk, showing that national population indices would hedge around 75% of trend risk.
Fifth birthday
180 supporters. Period life expectancy is 84.1 for men and 86.7 for women.
VitaCurves Innovation
First reinsurer uses VitaCurves to help it provide competitive pricing for longevity transaction.
Membership milestone
100th scheme joins Club Vita early in 2010.
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).
PPF joins Club Vita
VitaCurves Innovation
First vintage of VitaCurves model used in actuarial valuations, reviewed by auditors and regulators.
Growing team
Steven Hood (membership secretary) joins Club Vita’s team to lead its growth.
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.
Club Vita pilot
Free pilot supported by 88 schemes demonstrates the benefits of clubbing together to pool data.
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.
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.
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.
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.
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.