DB run-on playbook: longevity risk and when to act

This webinar will explore how changing life expectancies affect DB scheme’s plans to run on in a world of surpluses - and when you should consider taking action.  We will consider the latest developments in health and longevity and the impact for pension schemes, how longevity should be considered as part of a run-on strategy and options for hedging a significant risk for schemes running on. 

Zoe Burdo will chair a practical discussion with our experts Stuart McDonald and Tim Gilbert, who will share our real-world experience of advising on what the longevity outlook means for DB schemes considering or implementing a run-on strategy. 

We will explore: 

• The outlook for life expectancy: what medical developments, including weight-loss drugs, the potential role of AI in healthcare and the longer-term effects of Covid-19 could mean for future mortality improvements.
• The implications for your scheme: how to assess longevity exposure and understand the potential impact of changing life expectancies on funding, surplus and the resilience of a run-on strategy.
• Your options for managing the risk: when hedging may be appropriate, how the options differ by scheme size, and what current market conditions mean for schemes considering a transaction.
• Keeping future choices open: how to build flexibility into your approach as circumstances and objectives change. 

You will leave with a clearer understanding of the key longevity questions to address in your run-on strategy and the options available to manage the risk. 

Who should attend? 

This webinar is aimed at anyone involved in managing DB pension schemes, including Professional and other Trustees and corporate sponsors. It is particularly aimed at Schemes implementing a run-on strategy, or considering their strategic options. 

This is the third in our “DB run-on playbook” series of webinars covering the how and why of DB scheme run-on under the new rules and regulations governing those managing DB schemes.  The first webinar in the series is available on demand here: LCP reaction: DWP publish draft surplus release regulations.  The second is available here: DB run-on playbook: investing in a world of surpluses. 

Look out for further sessions covering governance, funding and other aspects of a successful run-on strategy.