Hostname: page-component-586b7cd67f-t8hqh Total loading time: 0 Render date: 2024-11-29T13:12:28.961Z Has data issue: false hasContentIssue false
  • English
  • Français

Second International comparative study of mortality tables for pension fund retirees

Published online by Cambridge University Press:  15 May 2012

T. Z. Sithole ,
S. Haberman  and
R. J. Verrall
Get access Rights & Permissions [Opens in a new window]

Abstract

This paper contains an update to the first international comparative study of mortality tables carried out in 2006. It examines the mortality assumptions used in the valuation of pension liabilities in a number of different countries. The results are considered in relation to the underlying population mortality rates, in order to isolate the strength of the mortality assumptions being applied. It is found that there is evidence of a lack of consistency between countries, and that this has not changed since the previous study.

Keywords

MortalityPensionsRisk
Type
Sessional meetings: papers and abstracts of discussions
Information
British Actuarial Journal , Volume 17 , Issue 3 , September 2012 , pp. 650 - 671
Copyright
Copyright © Institute and Faculty of Actuaries 2012

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Booth, H., Tickle, L. (2008). Mortality modelling and forecasting: a review of methods. Annals of Actuarial Science, 3, pp 3–43.Google Scholar
Continuous Mortality Investigation Working Papers 38, 39 and 41 are available from http://www.actuaries.org.ukGoogle Scholar
Dushi, I., Friedberg, L., Webb, T. (2010). The impact of aggregate mortality risk on defined benefit pension plans. Journal of Pension Economics and Finance, 9(4), pp 481–503.Google Scholar
Pitacco, E. (2004). Survival models in a dynamic context: a survey. Insurance: Mathematics and Economics, 35(2), pp 279–298.Google Scholar
Pitacco, E., Denuit, M., Haberman, S., Olivieri, A. (2009). Modelling Longevity Dynamics for Pensions and Annuity Business. Oxford University Press.Google Scholar
Sithole, T., Haberman, S., Verrall, R. (2011). Second international comparative study of mortality tables for pension fund retirees – full report, available at: http://www.actuaries.org.uk/research-and-resources/documents/second-international-comparative-study-mortality-tables-pension-funCrossRefGoogle Scholar
United Nations Statistics Division (May 2011). Population and Vital Statistics Report: Population, latest available census and estimates (2008–2009). Available at http://unstats.un.org/unsd/demographic/products/vitstats/serATab2.pdfGoogle Scholar
Verrall, R., Haberman, S., Sithole, T., Collinson, D. (2006a). The price of mortality. Life and Pensions (September), pp 35–40.Google Scholar
Verrall, R., Haberman, S., Reay, T., Collinson, D. (2006b). EU Pensions Mortality Assumptions. The Actuary, May 2006.Google Scholar