MorganAsh

Video script

For many UK businesses, funding a defined benefit pension scheme is a financial headache.

Not only can their balance sheets accumulate deficits, they may also pay more into schemes than is needed.

Why?

The value of a pension scheme is estimated by actuaries – using a set of standard, but broad-brush, assumptions. Postcodes are often used as a measure of scheme members’ health – and therefore how long they will live. While not total guesswork, the resulting figures are rarely accurate.

Because they’re accepted as the only statistics available, assumption-based mortality estimates have been used for years. But, with the advent of medical underwriting, this no longer needs to be true. 

Assessing scheme members’ actual health provides a far closer prediction of longevity; one which significantly affects the overall scheme value. Medical underwriting studies typically find that previous valuations can be 5% to 10% higher than needed.

Medical underwriting isn’t revolutionary. It’s regulator-approved and has won industry awards. It’s been used on thousands of pension schemes. It has enabled billions of pounds’ worth of pensions to be revalued empirically, saving companies millions – and significantly reducing pension-based risk.

The company delivering these improvements is MorganAsh.

MorganAsh replaces assumptions with evidence – authentic personal health information, gathered sensitively and securely by medical professionals.

Every medically underwritten mortality study undertaken by MorganAsh has led to a scheme revaluation – 99% of which were lower than previous estimates.

Medically underwritten mortality studies aren’t rocket science. But they are smart.

Medically underwritten mortality studies from MorganAsh.

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Our clients say:

The service has been amazing, from the initial support received from an in-house nurse, to being referred to a specialised mental-health therapist. During the time of my therapy sessions I received ongoing support from the nurse who would contact me regularly for an update of my progression. The battle with depression has been very difficult to overcome but MorganAsh has helped me every step of the way.

Peace of Mind client