Longevity risk is a worldwide problem. The exposure to longevity risk incurred by UK pension funds now exceeds £2 trillion. There is a huge need to promote instruments to hedge longevity risk as one of the high-impact strategic options helping transform pensions and healthcare meet the global challenges that lie ahead
The first half of 2010 has seen the largest volume of longevity trades by pension funds yet seen. Morgan Stanley, UBS, Legal & General and Munich Re are among entrants into the market. BMW signed a £3bn deal with Deutsche Bank , the biggest ever completed. For pension trustees, offloading the risk is a lengthy and complicated process but will reap rewards for their organizations.
Furthermore, a group of banks, insurers and pension professionals has got together in the UK to form the Life and Longevity Markets Association, which aims to create industry standards making trading in longevity products easier. The Association is currently consulting on its proposal for a standardised framework for longevity indices.
The purpose of this conference will be to highlight the challenges posed by increased longevity expectations and to discuss the solutions that are and will become available via the investment market. By means of sessions covering the key issues and close analysis of specific case studies, it offers both a theoretical and practical approach.
Key Issues Addressed
The following case studies will be presented
The conference should be attended by all those concerned with managing investment strategy, product development, marketing, capital or risk management within a fund manager, bank , hedge fund or insurance firm. It will also be of interest to pension fund managers; corporate treasurers and company secretaries in any large organization with a defined benefit pension fund; fund trustees; corporate sponsors and those working for a pension fund or as a pensions consultant, actuary or economist.
£395
$610
€480 
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