are a major public policy issue in most OECD countries and it is not difficult
to understand why. In most countries, pensions represent a large fraction
of government fiscal obligations, a burden which is forecasted to increase
yet further as the "baby boom" generation approaches retirement. At the same
time, private pensions are a major component of financial markets (for example,
in the UK the value of pension funds is about 2/3 of GDP) and an important
contributor to savings, investment and economic growth.
The Pensions Institute (PI) is the first and only U.K. academic research centre focused entirely on pensions research. The purpose of this centre is to serve as a clearinghouse for information on pensions, with particular emphasis on the U.K. system, and to publicize PI research and activities.
Longevity 10: Tenth International Longevity Risk and Capital Markets Solutions Conference will take place on 3rd and 4th September 2014 in Santiago, Chile.
Longevity Index launched
On 13 March 2007, JPMorgan launched the LifeMetrics Index, an international index designed to benchmark and trade longevity risk. Professor David Blake, the Director of the Pensions Institute, is the Co-Founder of the LifeMetrics Index. The Pensions Institute is a member of the International Advisory Committee governing the index. www.lifemetrics.com
New research on longevity risk released by the Pensions Institute on Monday 26 November 2007
- Longevity fancharts
- Mortality fancharts
- Survivor fancharts
- Is the Pensions Industry Burying It's Head in the Sand?
"Apocalyptic demography? Putting longevity risk in perspective" which was published on 29 April 2008 has been funded by, and produced in association with, the Chartered Institute of Management Accountants (CIMA), the only international accountancy body with a sole focus on business. This report and checklist allows finance directors to put longevity risk in perspective by focusing on issues such as current life expectancy, projected life expectancy and the types of longevity risk to which their organisation may be susceptible. It will also help them when discussing, with their actuary, the basis of mortality assumptions used in estimating their scheme liabilities.
Two new books from the Director of the Pensions Institute
Two old books from the Director of the Pensions Institute
- Issues in Pension Funding (Routledge Revivals)
- Modelling Pension Fund Investment Behaviour (Routledge Revivals)
New book on pensions
IPE Pensions Scholarship Fund: