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Le risque de longévité pour les fonds de pension

Author

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  • Bruno Latourrette

Abstract

Defined benefit pension funds bear important longevity risks, of which the main one is trend risk. This risk is linked to higher than expected increase of life expectancies of pensioners. This increase has always been underestimated for decades, leading to current underfunding of pension liabilities and important hedging need that the insurance industry capacity cannot address alone. Hence the need of solutions from the financial market which would bring on top of capacity, a better transparency on mortality level expectation. Classification JEL: G22, G23, J11, J14.

Suggested Citation

  • Bruno Latourrette, 2016. "Le risque de longévité pour les fonds de pension," Revue d'économie financière, Association d'économie financière, vol. 0(2), pages 113-128.
    • Handle: RePEc:cai:refaef:ecofi_122_0113
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    More about this item

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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