Are there really differences in life expectancy between Scotland and the rest of the UK? If so, how should actuaries take account of these? Phil Caine and Susan Hanlon discuss
Traditional asset-liability modelling for defined benefit pension schemes ignores covenant risk. Integrating this risk may suggest that a higher allocation to return-seeking assets makes sense, say Robert Waugh, Nic Barnes and Robert Chestnutt
Jon Palin, on behalf of the CMI Mortality Projections Committee, reviews the growing evidence for a slowing down of mortality improvements in the UK, noting the trend for pension scheme members is less clear