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Title: RBC analyst is upbeat about an increase in the death of pensioners
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URL Source: http://www.businessinsider.com/rbc- ... at-deaths-of-pensioners-2016-8
Published: Aug 9, 2016
Author: Jim Edwards
Post Date: 2016-08-09 09:11:38 by Ada
Keywords: None
Views: 2532
Comments: 6
"It is the increase in deaths at older ages (mostly post retirement) which would impact pension schemes positively." UNICEF The number of British people who die every year went up to about 530,000 in 2015, and that's good news for investors in the stock of companies with pension-fund deficits, according to Gordon Aitken, an RBC Capital Markets equity analyst. The increase in the number of deaths rose from a low of about 485,000 deaths in 2011. It is important to be clear that Aitken was not celebrating those deaths. Rather, in a July 7 note to investors, he was explaining how the death rate affects companies that are required to pay more cash into their under-funded pension plans. When old-fashioned "defined benefit" pension plans fall into deficit, they are sometimes required by The Pensions Regulator or the Pensions Protection Fund to increase the cash payments to make up the gap. Those increased cash payments leave less money for stock dividends, earnings on the bottom line, or investment in future growth. Unfunded pension deficits are a growing problem, especially as the Bank of England just lowered the interest rate. Pensions are often funded by gilts and bonds that rely on interest payments. So the BofE's decision will likely worsen the pension "black hole," Aitken's note says. The total deficit of the roughly 6,000 British companies that have unfunded pension liabilities is £408 billion, according to the PPF. However, the fact that British people are dying more numerously — and thus claiming less of their pensions — will have a positive effect on pension funds, Aitken wrote: Importantly the increase in death is heavily skewed to older ages Note it is the increase in deaths at older ages (mostly post retirement) which would impact pension schemes positively. Any change in deaths at earlier ages is less relevant as pension benefits are typically only provided post-retirement. Here's a chart:
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#1. To: All, NeoconsNailed (#0)
Look for an increase in the death rate. Too many expensive old people.
These companies didn't plan for an ever-lengthening lifespan as countries grow ever more prosperous and eliminate diseases etc??? 'We are dying more because life expectancy for men has fallen by two months, and "the expectation of life at age 65, which is relevant for insurers, has fallen 4 months," Aitken says. Dementia and Alzheimer’s are driving the increased death rate.' Dementia kills? This sounds like camouflage for "doctors are tacitly killing more old people." I've seen it happen at least twice via what has to be deliberate malpractice and nothing anybody can do about it. On the other hand I wonder what the real answer is. Millions of people literally live too long for their own good and spend their 80s or 90s in excruciating misery. Trying to figure how not to in my own case. _____________________________________________________________ “We build but to tear down. Most of our work and resource is squandered. Our onward march is marked by devastation. Everywhere there is an appalling loss of time, effort and life. A cheerless view, but true.” - Tesla per FP
I suspect that's true. In the US there is pressure from the insurance companies and in countries with socialized medicine there is deliberate neglect in order to keep costs down.
I have to wonder about Alzheimer's, too. It's too pat, to convenient, too instantly profitable. wikid: "The cause of Alzheimer's disease is poorly understood.[1] About 70% of the risk is believed to be genetic with many genes usually involved.[6] Other risk factors include a history of head injuries, depression, or hypertension. [1] The disease process is associated with plaques and tangles in the brain." NN translation: before the age of psychobabble, it was widely known that old people sometimes go daffy, which was understandably found to be because their brains were wearing out. Today's unhealthy lifestyles (featuring ever- increasing toxic chemicals in the air, water and ground) mean that this process is happening sooner in some cases. Big Medicine slaps a Jue name on it = Alzheimer's disease and early-onset Alzheimer's = and bingo, a whole new field of medicine and research is born with the kosher seal of approval all over it! _____________________________________________________________ “We build but to tear down. Most of our work and resource is squandered. Our onward march is marked by devastation. Everywhere there is an appalling loss of time, effort and life. A cheerless view, but true.” - Tesla per FP
Alzheimer's does kill eventually. However, not everyone with brain plaque develops Alzheimer's symptoms.
In more ways than one. I have a niece with early-onset Alzheimer's,and not long ago she got out of the house and wandered out in the road in front of a car. Luckily for everyone involved the driver saw her in time to swerve and hit her a glancing blow,and it was in a 35 mph speed limit zone,so he wasn't going very fast and had the time to react. She is the equivalent of an adult toddler,and has to be watched every minute. Luckily for her one of her daughters stepped up to the plate and took on the burden of her care.
RBC analyst is upbeat about an increase in the death of pensioners
#2. To: Ada (#0)
(Edited)
#3. To: NeoconsNailed (#2)
Dementia kills? This sounds like camouflage for "doctors are tacitly killing more old people."
#4. To: Ada (#3)
#5. To: NeoconsNailed (#4)
wikid: "The cause of Alzheimer's disease is poorly understood.[1] About 70% of the risk is believed to be genetic with many genes usually involved.[6] Other risk factors include a history of head injuries, depression, or hypertension. [1] The disease process is associated with plaques and tangles in the brain."
#6. To: Ada (#5)
Alzheimer's does kill eventually.
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