With interest rates at historic lows, dependant proportions and age difference are increasingly material to pension liability calculations, with spreads of up to 6% in total liability value between the most and least affluent groups of pensioners. They have also become a growing focus for longevity swap and bulk annuity transactions and can be a key driver of price differentials.

This session offers a practical tour of the latest modelling techniques, including

-survey non-respondent bias and how to deal with it,

-tracing accuracy and interpretation of codes, and

-allowing for trends by age/gender, time and socio-economic profile.

Speaker: Andy Harding, Aon