Morgan Stanley and UBS have joined the Life & Longevity Markets Association as full members. They join original members Axa, Deutsche Bank, J.P. Morgan, Legal & General, Pension Corporation, Prudential, RBS and Swiss Re. The LLMA was formed to promote the development of a liquid traded market in longevity and mortality-related risk, of the type that exists for insurance linked securities, and other large trend risks like interest rates and inflation. Since launch the association has been involved in the development of consistent standards, methodologies and benchmarks to help build a liquid trading market.

It aims to launch a consultation period for its index methodology during Q3 2010.