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Cass academic named among top 50 most influential UK pensions experts

Professor David Blake included on Pensions Insight list for second year running

Professor David Blake has been named among the top 50 most influential experts in the pensions industry for the second year running.

The annual list, compiled by Pensions Insight, brings together leading figures from across the industry who have shaped and continue to influence UK pensions.

Professor Blake, who is founder and director of the Pensions Institute at Cass, is described in the list as "one of the most respected academics working in pensions". His inclusion is a result of the "direct effect" his research has had on many pension schemes.

"It is an honour to be included on such a prestigious list for a second consecutive year," said Professor Blake. "I am delighted to be named alongside so many high-profile professionals who have been at the forefront of change and innovation in the UK pensions industry."

Professor Blake is also co-founder with JPMorgan of the LifeMetrics Indices and co-creator of the Cairns-Blake-Dowd stochastic mortality model.

His seminal paper on mortality risk transfers, which led to the world's first pension buy-out in 2006 and the world's first pension buy-in and longevity swap in 2007, saw him win the prestigious Robert I. Mehr award in 2011.

One of Professor Blake's major projects for 2012 is the real-world implementation of the design ideas he and the Pensions Institute developed during 2011, looking at optimal investment strategies for direct contribution pension schemes. He will also be looking at ways of overcoming the behavioural barriers that many people face when it comes to recognising their own mortality which, in turn, leads to a failure to optimally decumulate their assets in retirement.

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