Life Trust Insurance launches pensions tool

The LRM pools the longevity risk of pension schemes and offers an alternative to trustees and finance directors otherwise faced with the significant capital outlay of a buy-out or buy-in. Many small and medium-sized pension schemes have a number of individual members with considerable benefits who, if they should exceed the average life expectancy, could cause the scheme to be under funded. This problem of a concentration of liabilities is referred to as non-systematic or idiosyncratic longevity risk. The LRM provides pension scheme trustees with a means of reducing this risk without the...