Professional Development
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St. John's Convention Centre, NL

Session 11 • Key Factors in Setting Canadian Pensioner Mortality/Longevity Assumptions

This two-part session examines baseline mortality/longevity assumptions and the long-term rate of longevity improvement in the context of the medical landscape. In part one, Richard Brown and Douglas Anderson review how UK baseline mortality/longevity assumptions have evolved from Canada’s current plan-level approach, to being much more driven by individual plan-member factors (e.g., socio-economic status), and what a more plan-member focussed approach could mean for Canadian pension plans.

Many Canadian pension plans rely on the Canadian Pensioners’ Mortality (CPM)-B scale to set their long-term longevity improvement rate, but does this rate make sense in the context of the medical landscape? In part two, Dean Tolla explores the implicit assumptions that the long-term rate of longevity has for sources of improvement such as medical advances, trends in lifestyle risk factors such as smoking or obesity, and environmental factors. 


Sponsors

Patron

Aurigen

Eliot Bauer

SCOR

Benefactor

AXIS GGY
Hannover RE
KPMG
Oliver Wyman

Prudential

RGA
Society of Actuaries