The CMI Mortality Projections Committee has been reviewing the CMI Model and proposes to make changes in the next version, CMI_2016, due to be released in March 2017. These changes are described in Working Paper 93, which also summarises the responses to the consultation and includes an early estimate of life expectancy values in CMI_2016, based on data to 14 October 2016.
The consultation itself is described in Working Paper 90 (originally released in June 2016 and updated in July and August) with further technical detail in Working Paper 91 and accompanying illustrative software (released in August and updated in December 2016).
The Committee held public consultation meetings in Edinburgh on 29 June and in London on 11 July to discuss its proposals; the slides are available here.
All versions of the Model can be accessed by CMI Subscribers from the main Mortality Projections page.
If you have any questions about the CMI please email
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Over recent months there has been a sharp rise in M&A activity involving British businesses, with interest from overseas, domestic buyers and Private Equity investors.
Frank Redington is recognised as one of the most influential actuaries of all time. In this talk, Craig will review some of Redington's most important ideas. He will identify the consistent actuarial principles that form a common thread across the contributions Redington made to a broad range of actuarial fields, and will highlight the ongoing relevance of Redington's thinking to 21st century actuarial practice.
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What will happen to DC pension savers who see life annuities as poor VFM but still want an income for life? Pooled annuity funds could offer them a decent lifetime income while reducing significantly the complex choices and risk inherent in income drawdown. They could be the next generation of CDC pension schemes, slotting into the existing DC framework as a post-retirement option.
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