Longevity Bulletin - First edition launched

In the first edition of the Actuarial Profession’s  Longevity Bulletin, editor Alison O’Connell publishes the findings of a new comparison of a range of international projections of future longevity that reveals some consistent themes.

They are:

1. Uncertainty about the future range of longevity: Most countries use a range of projections to illustrate this. Each variant projection is calculated using a different set of assumptions. The study examines the assumptions in detail.
2. There are large differences in projected lifespan across countries: The principal estimate for expected average lifespan for boys born in 2010 ranges from 82 years in the US to 89 years in the UK. The study looks at why these large variations exist.
3. Females are expected to continue to live longer than males: The gap is expected to be roughly around three to four years for complete lifespan and around 2.5 years for average remaining lifespan at age 65.

The Longevity Bulletin will be published every six months. It aims to provide a regular overview of research into longevity trends and a guide to the prospects for long life. It will present and explain actuarial perspectives on population longevity and will look beyond the actuarial world for statistics, research and the latest thinking on related subjects.
 

Ends

Enquiries: Tel. Michael Scanlan on +44 (0)20 7632 1453 / +44 (0)7798 804 871 or email michael.scanlan@actuaries.org.uk Notes to Editors:

1. Actuaries provide commercial, financial and prudential advice on the management of a business’s assets and liabilities, especially where long term management and planning are critical to the success of any business venture. They also advise individuals, and advise on social and public interest issues.
2. The Profession is governed by the Institute and Faculty of Actuaries. A rigorous examination system is supported by a programme of continuing professional development and a professional code of conduct supports high standards reflecting the significant role of the Profession in society.
3. Members of the Institute and Faculty of Actuaries have a statutory role in the supervision of pension funds and life insurance companies. They also have a statutory role to provide actuarial opinions for managing agents at Lloyd’s.
4. The Profession is available to provide expert comment to the media on a range of actuarial- related issues, including enterprise risk management, finance and investment, general insurance, health and care, life assurance, mortality, and pensions.

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