Apocalyptic Demography? Putting Longevity Risk in Perspective

Life expectancy differs from person to person, population to population and pension scheme to pension scheme. So, your scheme members' mortality experience will be unique. Age is its dominant determinant, but life expectancy is influenced by other factors including gender, geographical location, social class, pension size and occupation.In order to help understand the effects that these factors have on your scheme members' mortality, we look at issues that shape the current life expectancy of your members, and then separately, the trends in the rate of improvement in life expectancy.Current life expectancy depends very much on demographic factors, particularly lifestyle, and varies from scheme to scheme, i.e. it is scheme specific. It is therefore very important that you understand where your scheme sits in the population of pension schemes as far as life expectancy is concerned