Hot and Bothered?

This paper provides a discussion on how climate change and resource constraints might impact UK longevity, focusing on the connections between the complex systems of associated risks.

We introduce three climate change longevity scenarios for pension schemes to use in stress-tests of their funding plans. These scenarios, together with considerations of other risks such as covenant and investment risk, can help pension schemes introduce the issues of climate change and resource constraints into their risk management framework.

_{Note that a previous version of this report included some incorrect figures in respect of the impacts of the scenarios on cohort life expectancy. These values have now been corrected in the version linked below.}