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CMI Working Paper 148

Working Paper 148: Additional analysis of the experience of pension annuities in payment in 2015-2020.

Working Paper 148 was published in April 2021. The paper sets out analysis of three areas:

  1. Seasonal analysis of 2015-2019 data. We provided indicative analysis of pensioner annuitant mortality to 30 June 2020 in response to the coronavirus pandemic in Working Paper 140, released in October 2020. That included showing Standardised Mortality Rates by month, for 2019 and 2020 only. In this paper, we present similar analysis, for a longer period and using a larger dataset, to compare the seasonal patterns of annuitant mortality with those of the wider population.
  2. Experience in 2019/20 by IMD. We reported on experience by Index of Multiple Deprivation (IMD) deciles in 2015-2018 in Working Paper 138. Here, we present high-level analysis of more recent data.
  3. Comparison of mortality in 2020 with that in 2019 by IMD. In Working Paper 140, we showed comparisons of mortality in the first half of 2020 with mortality in 2019 for the dataset as a whole and for various subsets but we excluded analysis by IMD deciles, to ensure prompt release of that paper. That analysis is included in this paper.

Each of these uses data we had collected during 2020 (or earlier) and, although we identified each as an area that may be of interest to Subscribers, we chose not to include it in the relevant paper to avoid delaying release of those papers.

Note: this paper is available to Authorised Users only.

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