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David Blake

Director, Pensions Institute, Cass Business School, UK

David Blake is director of the Pensions Institute at Cass Business School and chairman of Square Mile Consultants, a training and research consultancy in London. He is also codesigner of the PensionMetrics lifecycle financial planning software; coinventor of the Cairns–Blake–Dowd stochastic mortality model; and cofounder with JPMorgan of the LifeMetrics indices. In 2011 he won the Robert I. Mehr award from the American Risk and Insurance Association for his paper on mortality risk transfers. The paper stimulated development of a new global capital market in mortality risk transfers between pension funds, life assurers, and capital market investors, leading to the world’s first pension buy-out in 2006 and first pension buy-in and longevity swap in 2007.

Articles by this Author

  • Should Governments Step In and Start Issuing Longevity Bonds?
    by David Blake, Tom Boardman, Andrew Cairns
    Insurance companies and defined-benefit plans face the risk that retirees might live longer than expected. This risk might adversely affect both the willingness and ability of financial institutions to supply retired households with financial products to manage their wealth decumulation (the conversion of a person’s accumulated pension assets into pension income). Longevity bonds are instruments that would allow financial institutions to hedge...

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