Longevity risk reporting service will support pension plan management and provide access to enhanced analytical tools for Bolton’s clients
9 February 2021
NEW YORK – February 9, 2021 – Club Vita, the international leader in longevity analytics, and Bolton, a US employee benefits consulting firm focused on independent, objective, and innovative service delivery, today announced their new collaboration agreement. The relationship will bring Club Vita’s longevity risk reporting to Bolton, whose clients include public sector plan sponsors, corporate employers, multiemployer pension plans and the Pension Benefit Guaranty Corporation.
Club Vita’s robust analytics enable a plan sponsor or its trustees to become better-informed about their pension or retiree health plan, while equipping their advisors with tools to counsel more effectively on strategy and tactics. Bolton’s actuaries will have access to Club Vita’s proprietary longevity analytics on the ProVal actuarial valuation system, conveniently delivering a more tailored view of longevity for pension plan valuations.
Ellen Kleinstuber, Bolton’s Chief Actuary, notes that “traditional tools used by actuaries to model longevity focus on employment-based factors that dampen the dispersion in longevity patterns within the American population. Offering our clients access to the Club Vita suite of longevity analytics supports our mission to deliver innovative, insightful, and impactful solutions that drive well-informed decision making and management of future financial risks, resulting in enhanced security of pension promises.”
Dan Reddy, Club Vita’s US CEO, responded “We’re thrilled to welcome Bolton to our growing family of American advisory partners. Initially, our services will deliver more confidence in the valuation of pension obligations for Bolton’s clients. Once those firmer foundations have been built, we look forward to working with Bolton to deliver a new generation of pension risk management to plan sponsors.”
Media Contacts:
Erik Pickett, Chief Content Officer, Club Vita
Melissa Greeson, Marketing Manager, Bolton