Paul Belok, principal and actuary at Aon Consulting, has been involved in providing actuarial and benefits consulting advice to trustees and corporate clients for over 20 years. As head of settlement solutions for Aon Consulting, including responsibility for bulk annuity issues, Belok is a regular commentator in the press and at conferences on pension issues.
Articles by this Author
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Longevity, Reserves, and Annuities—A Difficult Circle to Square
According to best estimates from the actuarial profession, longevity is currently increasing at the rate of 12 minutes an hour. This may be good news for most of us, but it is not particularly good news for the sponsors and trustees of pension schemes, since it increases the cost of funding pensions very substantially. Moreover, the most unsettling thing about longevity creep is that no one knows how far the gains in the average length of the...
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