Mercer takes licence for Projections Toolkit
Press release for 6th January 2009
Longevitas Ltd is pleased to announce that Mercer has taken a licence for the Projections Toolkit.
Stephen Richards of Longevitas said “Stochastic methods are increasingly demanded by regulators to show awareness of the uncertainty around long-term projections of longevity. The Projections Toolkit makes this a matter of a few button clicks, with an expert system on-hand to guide users. We are delighted that Mercer continues to lead the field amongst pension consultancies in bringing modern risk-management techniques to their clients.”
Gordon Fletcher of Mercer said “Pensioner longevity directly impacts the finances of pension schemes. Both trustees and scheme sponsors want to know more about the uncertainty surrounding future projections of longevity. Mercer will use the Projections Toolkit to extend their leading edge in giving trustees and companies a rounded understanding of this risk.”
ENDS
Notes for editors:
About Longevitas
Longevitas Ltd is a provider of software for the analysis and measurement of risks in pension schemes and insurance companies. The Projections Toolkit is the third software service in this area, following mortalityrating.com and the Longevitas survival-modelling system. For more details please see www.longevitas.co.uk
About the Projections Toolkit
The Projections Toolkit is an easy-to-use software service for stochastic projection of future mortality for pension schemes and insurers. It has been developed in conjunction with modelling experts at Heriot-Watt University in Edinburgh. For more details please see www.projectionstoolkit.com
About Mercer
Mercer is a leading global provider of consulting, outsourcing and investment services. Mercer works with clients to solve their most complex benefit and human capital issues, designing and helping manage health, retirement and other benefits. It is a leader in benefit outsourcing. Mercer's investment services include investment consulting and multi-manager investment management. Mercer's 18,000 employees are based in more than 40 countries. The company is a wholly owned subsidiary of Marsh & McLennan Companies, Inc., which lists its stock (ticker symbol: MMC) on the New York, Chicago and London stock exchanges. For more information, visit www.mercer.com
