Life Trust launches DB longevity risk manager

The Longevity Risk Manger (LRM) pools the longevity risk of pension schemes and is intended to appeal to trustees and finance directors otherwise faced with the significant capital outlay of buy-out or buy-in, says the firm. As many small and medium-sized pension schemes have a number of individual members with considerable benefits, if members exceed the average life expectancy this could cause the scheme to be under-funded, according to Life Trust. However, the LRM provides pension scheme trustees with a means of reducing this risk without the need for a transfer of capital, it adds. ...