UK: How to project trends in mortality after Covid-19: the CMI consultation
On 21 September the Continuous Mortality Investigation (CMI) published a consultation on a modification to its mortality projections model. This was to allow for the effect of the Covid-19 pandemic. So what does this mean for Defined Benefit (DB) pension schemes?
A change to the model could mean deficits growing or shrinking, and good or bad news for members transferring their pension to another scheme. Understanding how the model may change is key for trustees and sponsors so they can anticipate upcoming shocks to their scheme’s financial position.
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