Financial Times FT.com

JPM breathes life into death rates

By Gillian Tett

Published: March 13 2007 02:00 | Last updated: March 13 2007 02:00

The first international public index for measuring death rates will be unveiled today by JPMorgan, the US investment bank, in a move that could help to turn longevity risk into a new frontier of financial innovation.

The index, which has been drawn up in association with Watson Wyatt, the pension consultants, and Cass Business School in London, will offer a uniform industry scheme for measuring death rates - and thus longevity levels - in the US and UK.

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