Actuarial Profession consults on mortality rate projection prototype

The Actuarial Profession has put a prototype model to project future mortality rates out for industry consultation... The model has been developed in response to the continuation of significant increases in life expectancy since projections were last published by the Profession in 2002.

The body said the assumptions on future rates of mortality are important in valuing the liabilities of pension schemes and life insurance companies...

Professional Pensions: Actuarial Profession consults on mortality rate projection prototype