retirement consultancy services

The Supplier will provide the services outlined below:

• Review of key judgement decisions made by Rothesay in their approach to setting longevity assumptions for pricing, including:
  • Weight applied to Nest mortality experience data when setting pricing basis.
  • Approach to mortality experience adjustments across ages.
  • Approach to treating untraced members in mortality experience data when performing analysis.
• Review of LexisNexis tracing results and consideration of alternative approaches to treating untraced members.
• Review of mortality experience data and consideration of alternative approaches to applying mortality experience adjustments.
• Analysis of Rothesay's approach of using Mosaic and advice on the suitability of Mosaic to rank and categorise members into different affluence groups.
• Analysis of Rothesay's pricing compared to pricing observed in the wider bulk annuity market.
• Providing an independent view on the value for money of Rothesay's pricing terms, as applied to the unique LLPI solution.
• Assisting in work undertaken to improve Nest data quality.