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.

2020
Milestone
International expansion

Club Vita begins recruiting forward thinking US pension schemes to take part in a US pilot.

2019
Highlight
Research highlight

Seminal paper released by the Canadian Institute of Actuaries on longevity modeling moving Canadian actuaries closer to their UK counterparts.

RiskFirst and JLT collaboration

Milestone
RiskFirst and JLT collaboration

VitaCurves are integrated into RiskFirst's PFaroe modeling system for defined benefit pension schemes. JLT becomes the first actuarial consultancy to implement Club Vita's longevity analytics through RiskFirst's system.

Highlight
Industry first

VitaCurves used for 1st Canadian buy-out transaction.

2018
Highlight
Continued growth

Over 220 leading DB pension schemes in the UK and 60 leading DB pension schemes in Canada pool their data through Club Vita. Our data set covers over 1 in 4 UK DB pensioners and 1 in 5 Canadian DB pensioners.

Collaboration with PLSA

Case study
Collaboration with PLSA

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

2017
Milestone
International adoption

Initial set of 41 Canadian pension schems receive longevity risk measurement reporting.

Case study
Sector analysis

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

Collaboration
Cridland Collaboration

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

ILC Collaboration

Collaboration
ILC Collaboration

Supporting the thought leadership of the International Longevity Centre

Milestone
VitaHedge Innovation

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

2016
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 in the UK.

Club Vita goes global

Milestone
Club Vita goes global

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

Milestone
LGPS Index

UK 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. UK period life expectancy is 84.1 for men and 86.7 for women.

2014
VitaCurves Innovation

Highlight
VitaCurves Innovation

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

Highlight
Research highlight

Seminal paper published in the peer reviewed journal of the UK actuarial profession, highlighting the power of using affluence and lifestyle (and other factors) as risk indicators when measuring life expectancy.

2011
Milestone
Membership milestone

100th plan joins Club Vita early in 2010.

Highlight
Industry first

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

Highlight

UK's Pension Protection fund joins Club Vita.

2010
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 plans. UK period life expectancy is 83.0 years for men and 85.6 years for women.

2009
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.

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. UK period life expectancy was 79.6 years for men and 83.5 for women in 1993.

2008
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.

2007
Highlight
LGPS Longevity Trends

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

2005
Highlight
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. 

Meet the team.

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.