​UK schemes set for 2.5% fall in liabilities after CMI model revamp

first_imgAon said the changes would decrease projected life expectancies and therefore scheme liabilities.Matthew Fletcher, senior longevity consultant at Aon, said: “While the pensions industry still expects mortality rates to improve, by increasing the weight placed on recent mortality improvements, the new model reflects the growing evidence that these improvements are likely to be slower in the near term than the historically high rates seen in the years up to 2011.”Meanwhile, Willis Towers Watson’s retirement business director and longevity specialist Stephen Caine said a six-month reduction in life expectancy at 65 could knock around 2.5% of the liabilities off a typical pension scheme. This translated to roughly £20bn (€23bn) for FTSE 350 scheme sponsors as a whole.Annual improvements in life expectancy between 2000 and 2011 produced an average increase of around 2%, but mortality improvements have slowed since 2011 to around 0.5% a year, according to Willis Towers Watson. UK defined benefit (DB) pension schemes are likely to see a 2.5% reduction in liabilities as a result  of a revision to the Continuous Mortality Investigation’s (CMI) life expectancy model for 2018, according to consultancies Aon and Willis Towers Watson.Releasing its latest projections, the CMI said there was a growing consensus in the industry that, although mortality would continue to improve, the rates of mortality improvement over the next decade would be slower than those seen in the first decade of this century.“When compared with the previous CMI 2017 model, cohort life expectancies at age 65 are around five months lower for both males and females, at 19.8 years and 22.4 years, respectively,” the CMI said.Changes to the latest mortality projections model from the CMI – which is owned by the UK’s Institute and Faculty of Actuaries – included data from across the UK population up to the end of 2018, putting more weight on the narrower mortality improvements in recent years.last_img read more

Football legends pick the best between Ronaldo and Messi

first_img Kylian Mbappe – Verdict: Cristiano RonaldoMbappe is the youngest player to feature on this list and it’s interesting to see why he notes Ronaldo as his ‘GOAT’. “From one year to the next, my choice changes between Cristiano Ronaldo and Lionel Messi, even if I have to admit to picking Ronaldo more often. I loved him when I was younger,” he revealed. Zlatan Ibrahimovic – Verdict: Lionel MessiZlatan’s time at Barcelona was cut short due to Messi’s emergence but it’s safe to say it hasn’t swayed his opinion. Ronaldinho – Verdict: Lionel MessiRonaldinho played with a teenage Messi while he was breaking through at Barcelona and the Argentine forward inherited Ronaldinho’s number 10 shirt at the Nou Camp. “Messi. I would have loved to continue playing alongside him. I didn’t get enough time with him, he was very young. I’d love to take to the pitch with him one more time,” he revealed. “He’s the best in history, no doubt. Nobody has done what Messi’s done. The other one [Ronaldo] is complete, he has it all. So does Messi, but it’s a question of taste and I prefer Messi’s style.” Sir Alex Ferguson – Verdict: Cristiano RonaldoIt comes as no surprise that Sir Alex goes for former United winger Ronaldo who became one of the world’s best players plying his trade under the Scotsman. “Now don’t get me wrong, Messi is a fantastic player, it’s like he’s wearing slippers when he controls the ball,” Ferguson admitted. “But here, for me, is the difference. Messi is a Barcelona player. “But Ronaldo could play for Stockport County and score a hat-trick. He just wanted to be the best in the world.” Pele – Verdict: Cristiano RonaldoThe most recent example on this list, the World Cup winner explained he believes Ronaldo is the better player as he is ‘more consistent’. “Today the best player in the world is Cristiano Ronaldo,” the 79-year-old told YouTube channel Pilhado.“I think he’s the best, because he’s more consistent, but you can’t forget about [Lionel] Messi, of course, but he’s not a striker.”Diego Maradona – Verdict: Lionel MessiMaradona gives his vote to fellow Argentine Messi, who he also managed at international level. “I can’t remember having seen Lionel Messi play badly,’ he explained. “I prefer Messi to Cristiano Ronaldo but I acknowledge that the latter is an animal. Football history will remember Messi. Football has given him a lot, as much as he has given the sport and to win a World Cup, in my opinion, wouldn’t bring himself anything else.” A list of players who have chosen between Cristiano Ronaldo and Lionel Messi has been revealed. The duo have been inseparable since rising to the top of football just over a decade ago and have won dozens of trophies between them. “I think Messi is one of a kind. What he’s doing, I don’t know if we will see another player do the things that he does,” he said. “It is different [with Ronaldo] because he is the result of hard training. It is not natural.” It’s a topic that everyone has an opinion on so we’ll quickly rattle through a few more names below. David Beckham – Verdict: Lionel Messi “He [Messi] is alone in his class as a player, it is impossible that there is another like him. He, like Cristiano Ronaldo, who is not at his level, are both above the rest.” Paul Scholes – Verdict: Lionel Messi “Ronaldo scores, he takes free-kicks. But as an all-round footballer, Messi – wow, his passing – he has absolutely everything.” Fabio Capello – Verdict: Lionel Messi “Ronaldo’s an extraordinary footballer, but Messi is a genius. “There are three geniuses in football: Pele, Maradona and Messi. Period. Ronaldo is very strong as he helps you win everything, but Messi is a genius and the better player.” Promoted ContentThe 10 Best Secondary Education Systems In The WorldThe Models Of Paintings Whom The Artists Were Madly In Love WithYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime7 Facts About Black Holes That Will Blow Your MindTop 9 Scariest Haunted Castles In EuropePlaying Games For Hours Can Do This To Your Body6 Ridiculous Health Myths That Are Actually True7 Universities Where Getting An Education Costs A Hefty Penny8 Superfoods For Growing Hair Back And Stimulating Its Growth5 Of The World’s Most Unique Theme ParksBirds Enjoy Living In A Gallery Space Created For Them5 Of The World’s Most Unique Theme Parkscenter_img Zinedine Zidane – Verdict: Cristiano Ronaldo “Cristiano is the best. Messi is his rival and it’s the rivalry everyone wants to see. But Ronaldo is phenomenal. There are no words to describe him. He is much better than me even though I had a great career. He’s the greatest of all time.” But the question of who is the better of the two reared it’s head again last week when Pele admitted he prefers Juve forward Ronaldo to Barca star Messi. The Daily Mail have uncovered a list players from the past and present who have weighed in on the debate and we’ve picked out the key figures. Read Also: Messi is greater than Maradona – Cassano Jurgen Klopp – Verdict: Lionel Messi “I have only one selfie on my smartphone,” he said. “That’s with Messi. Cristiano was in the room as well…” The ruling comes out at four votes for Ronaldo in comparison to eight for Messi. Who do you think is the better better of Ronaldo and Messi? FacebookTwitterWhatsAppEmail分享 Loading… Ronaldo Nazario – Verdict: Lionel Messi “He (Messi) is out of this world. Cristiano, too, but I see Leo as more complete,” Ronaldo revealed. “He’s great. I like him much more than any other player. Everything he does is spectacular.”last_img read more