Understanding the Limitations of the CMI Longevity Model

Longevity Market to DoubleLongevity improvements have slowed materially in the retired population, according to the CMI (Continuous Mortality Investigation). But as Amy Kessler writes in this article published in Professional Pensions, anyone looking at today's CMI model and believing they now know for certain that their liabilities are lower need to remember there is risk in retaining longevity exposure.

Read the article to understand how the recent trend reversal is likely to reverse again and why de-risking continues to be an all-weather strategy for U.K. pension funds.