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"It is clear that the longevity sector has been busy with no signs of slowing down. A recent poll showed that 70% of respondents believed the human lifespan should continue to increase if the necessary medical and technological advancements were in place to support it. Similarly, 68% of respondents reported they would be willing to take anti-ageing drugs if proven effective and free from side effects. There is an appetite for progress in longevity, and the above examples show that we are on the right path. Still, more can be done - stay tuned for more news about longevity nonfungible tokens (NFTs), crypto investment into this space and other updates."

Bermuda's Longitude Exchange and Dedomainia, a technology company offering longevity swap solutions, are to collaborate on techniques and processes for monitoring, administering, and valuing index-based longevity risk hedging transactions.

This is a crisis no one wants to solve, at least not quickly. The Chicago Teachers scheme is aiming for 90% funding, but not until 2059-long after many retired members will have died. New Jersey's teachers' scheme is not scheduled to be fully funded until 2048. Such promises might as well be dated "the 12th of never". The bill for taxpayers seems certain to rise substantially. For the states with the biggest pension holes, political conflict is in store.

Amazon has partnered with Legal & General to create a blockchain system for managing corporate pension deals. The insurer will make use of the Amazon Managed Blockchain for its bulk annuity transactions.

"I do not like the term (LDI) and never did, it has been hijacked by consultants and has morphed into what we are seeing now," said John Ralfe, who in 2001 led the 2.3 billion pound Boots Pension Fund's shift into bonds. "The fund didn't load up on debt... Pension schemes were doing disguised borrowing, it's absolutely toxic... There was much greater risk in the financial system than anyone - including me - would have thought."

"In the wake of the margin crunch for UK pension funds, dealers have seen a surge in demand for committed collateral transformation facilities that allow the funds to swap less-liquid assets for eligible collateral to meet their calls."