4 Longevity risk Increased life expectancy raises the cost of pension provision. However, if the increase is fully anticipated, you can respond by, for example, requiring your scheme members to pay higher contributions when they are in work or to work longer before retiring. They might not like either prospect, but you can use such methods, separately or in combination, to maintain the viability of your pension scheme.
30 | Apocalyptic demography? Putting longevity risk in perspective