That’s where Club Vita Canada comes in. Whether you are focused on enhancing your plan’s long-term sustainability, assessing the cost of transferring risk, or simply understanding your risk better, Club Vita Canada gives you the unique insights and robust tools you need to better manage your plan costs.
Make no mistake, longevity risk is the biggest unmanaged and unrewarded risk facing large Canadian defined benefit pension plans.
We construct longevity assumptions from the “bottom-up,” based on each plan’s membership characteristics.
When it comes to longevity analysis, bigger is definitely better. A larger and more comprehensive dataset means higher-quality results.
Club Vita employs advanced statistical and data analytics techniques designed to understand the drivers of longevity.
Club Vita’s annual longevity analysis makes large and unexpected liability increases a thing of the past.
Club Vita uses sophisticated tools and processes — designed, tested and endorsed by leading actuaries and academics — to demystify the factors and predictors that drive longevity. The resulting plan-specific analytics will equip you and your advisors to truly understand and manage your plan’s longevity risk — whether you’re interested in measuring longevity exposure better, projecting future pension payments, assessing risk-transfer, or expanding your de-risking strategies.
By drilling deeply into your data and analyzing it at an individual level, you’ll be able to map your plan’s demographic DNA — that is, the unique membership traits that define your plan’s longevity characteristics.
Club Vita’s unique approach looks well beyond traditional factors to determine the strongest underlying predictors of longevity. For example, we consider often neglected but essential influences like lifestyle and affluence.
Quality in, quality out. As an added benefit, we will help you clean your data — and confirm how reliable, historically accurate and complete it really is.
We know that data security is critical. So we’ve adopted rigorous controls and procedures for the transfer, processing, use, and housing of all information provided by member pension plans.
The Club Vita story started in 2008, with the creation of the UK-based Club Vita LLP. It was launched by Hymans Robertson LLP to fill an essential gap in the UK pension industry — namely, the need for better understanding and management of longevity risk.
An extension of the successful UK Club Vita brand, Club Vita Canada brings ground-breaking longevity data processes, research, analysis, and services to the Canadian pension industry. We invite you to be part of it.