Pension Scheme De-risking | LexisNexis Risk Solutions UK
Pension De-Risking Metaphor: A man views a large iceberg formation at close range - Determine the risk of undeclared marriages within your pension scheme data

Pension De-risking

Determine the risk of undeclared marriages within your pension scheme data

Understanding a Pension Scheme’s full exposure to risk is vital for any trustee or scheme sponsor. Contrary to the earliest industry forecasts, people are now drawing on their pensions for longer, impacting inevitably on pension scheme reserves and corporate profitability. Not knowing the true constituents of a pension scheme or life plan could distort the associated risk. Life expectancy alone is not enough when determining liabilities – socio-economic variances and marital status should also be examined.

The established approach to valuing pension liabilities is to appraise member age and gender in addition to the size of the pension. Today, with additional data available at our fingertips, we are able to exploit this information and help strengthen actuarial projections and potentially remove adverse insurer margins.

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Risk MSP

Marital Status Prediction

As a rule, a scheme member’s spouse will receive benefits upon the demise of a partner, and as a consequence, the existence of a spouse could materially increase the cost of providing pension benefits – significant grounds to establish who within a database is single or married… which is why we have developed a de-risking solution to confirm the marital status of scheme members. Risk MSP is a recently developed data-enhancing product for companies that need to understand the potential additional risk within their scheme attributable to the marital status of their members. It’s available either as a managed solution or available within our online portal, Smartcleanse® – our easy to use, self-administered service.

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