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....The Labour leader blasted the move and promised to keep the state pension age at 66, as the party heads on a State Pension tour of the country. However, it is estimated the state spending on pensions will cost an extra £20billion by 2020 alone if it isn't reformed amid increased life expectancy. ... [Read full article on Daily Express ]
Tuesday 15th of August 2017 04:00:00 PM
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Latest Finance News related to Life Expectancy

Corbyn vows 'flexible' state pension age but won't reveal funding for £20BILLION reforms  image
....The Labour leader blasted the move and promised to keep the state pension age at 66, as the party heads on a State Pension tour of the country. However, it is estimated the state spending on pensions will cost an extra £20billion by 2020 alone if it isn't reformed amid increased life expectancy. ...
Smoking and Drinking tax: How HMRC cashes in on our vices image
Source : Daily Express [Read Article] Sunday 13th of August 2017 12:01:00 AM
....” Smokers, heavy drinkers and the obese do gain if they buy an annuity with their pension. Stephen Lowe, director at retirement advisers Just, says the unhealthy can get anything between 5 and 25 per cent more income from an impaired life annuity: “Your lower life expectancy means you probably will not claim the income for as long, reducing the benefit of getting more. ...
The growing gulf in life expectancy shows how austerity has deepened inequalities image
. Public health experts sometimes rework the map of a city’s train or underground system to illustrate the wide differences in life expectancy between wealthy areas and poor ones. ...
L&G profits rise as UK population dies earlier than expected image
Source : Guardian [Read Article] Wednesday 9th of August 2017 02:09:08 PM
. A slowdown in the growth in life expectancy for the UK population has increased profits at insurance and pensions firm Legal & General, which said people were dying sooner than it had expected. ...
Mazda boosts petrol engine efficiency in fresh blow to diesel image
Source : Guardian [Read Article] Tuesday 8th of August 2017 06:06:32 PM
....The industry is still steering in the direction of electric vehicles. In the UK, the government has announced it would ban the sales of new petrol and diesel cars from 2040 amid fears that rising levels of nitrogen oxide pose a major risk to public health, putting an end date on the life expectancy of traditional combustion-engine powered vehicles. ...
Millions of women hit by pensions gender gap  image
Source : Daily Express [Read Article] Sunday 30th of July 2017 11:20:00 AM
....Women’s plight could worsen with the state pension rising to 67 between 2026 and 2028, while this month the government announced another hike to 68 between 2037 and 2039, seven years earlier than originally planned. This fulfils the recommendations of the independent Cridland report in a move that is expected to save the nation £74 billion as life expectancy rises, although growth has stalled lately. ...
State pension changes will cost 7 million people £10,000 each image
Source : Guardian [Read Article] Sunday 23rd of July 2017 11:01:20 PM
.... The analysis said the sum was roughly what might be expected, given that one year’s state pension is around £8,300. Debbie Abrahams, the shadow work and pensions secretary, said the government was asking “millions of people to work longer to pay for their failing austerity plans”, and said recent research that showed increases in life expectancy were slowing proved there was no evidence-based reason for the change. ...
Jeremy Corbyn could rip away YOUR state pension: Labour set to 'means-test' key benefit image
. The cost of the popular benefit has spiralled in recent years as life expectancy in Britain has increased. ...
State pension benefits rich and UNFAIR on ill or manual workers, says ex-pension minister image
....Yet this is a more difficult option for people who are in manual or physically demanding jobs are less likely to be able to keep working. The state pension takes no account of differences in occupations, life expectancy or social classes, said Ms Altmann, who served under David Cameron between 2015 and 2016. ...
State pension age rises: Will changes affect you? Everything you need to know image
Source : Daily Express [Read Article] Wednesday 19th of July 2017 02:42:00 PM
.... . The offiical retirement age had not been due to rise to 68 by 2046, but this will change under the new proposals, as the Government looks to make savings amid rising life expectancy. ...
Forced to work until you are 68! State pension age rise brought forward SEVEN years image
....The changes are to affect everyone born between 6 April 1970 and 5 April 1978, and brings forward the state pension age rise by seven years. Mr Gauke blamed increasing life expectancy for the sooner than expected rise, as he accepted a review by John Cridland that proposed pushing back retirement for millions. ...
State pension age to increase seven years earlier than planned image
Source : Guardian [Read Article] Wednesday 19th of July 2017 01:44:22 PM
....The charity for older people also pointed out that the announcement came just days after Sir Michael Marmot, a former government adviser, warned that the trend towards longer lives was “pretty close to having ground to a halt” since 2010 after rising constantly since the second world war. Caroline Abrahams, charity director at Age UK, said it was “astonishing that this is being announced the day after new authoritative research suggested that the long-term improvement in life expectancy is stalling”. ...
Now we find out the real cost of austerity – our lives cut short | Owen Jones image
....An ideologically driven programme of cuts is almost certainly robbing us of life. Consistently rising life expectancy should be something we all take for granted. ...
Retirement age MUST rise or young families pay the price, pension committee head warns image
....Mr Field said there should instead be a double lock - where income rises by either the higher of inflation or average earnings - a policy that was expected to be introduced by the Conservatives, had Theresa May won a majority. The growing cost of the state pension could force the retirement age above life expectancy in parts of the country by 2060, according to a report by released by the work and pensions committee earlier this year. ...
Retirees lose £8,460 of pension income: Make sure YOU don't make THIS mistake image
....However, too many people still end up with a poor deal after accepting the first offer. Payouts can be higher for people with health issues, who are likely to have lower life expectancy. ...
How privatization could spell the end of democracy image
Source : Guardian [Read Article] Wednesday 21st of June 2017 08:00:25 AM
.... Somehow, the absence of the profit motive has not produced an epidemic of inefficiency in British healthcare. Meanwhile, we pay nearly $10,000 per capita and a staggering 17% of our GDP to achieve a life expectancy somewhere between that of Costa Rica and Cuba. ...
Father's Day is a good day to cover your family’s future image
Source : Daily Express [Read Article] Wednesday 14th of June 2017 08:08:00 AM
....Nearly three out of 10 admit their family could only pay their household bills for three months. Yet term life assurance, which pays out if you die within a set period, has fallen in price as life expectancy rises. ...
Britain looks set for a politically hot summer but what is the future for your finances? image
....It also expressed support for Women Against State Pension Inequality (WASPI), a campaign group seeking protection against state pension age hikes for women born in the 1950s. Tory plans to continue increasing the state retirement age beyond 66 in line with rising life expectancy may also be delayed. ...
How to respond to Trump's America | Joseph Stiglitz image
Source : Guardian [Read Article] Friday 2nd of June 2017 01:29:00 PM
....Trump’s proposed tax reforms, so far as one can see, outdo George W Bush in their regressivity (the share of the benefits that go to those at the top of the income distribution). And, in a country where life expectancy is already declining, his health-care overhaul would leave 23 million more Americans without health insurance. ...
BT considering closing defined-benefit pensions scheme for existing staff image
.... The largest of these, the BT pension scheme (BTPS), represents over 97% of our pension obligations. The BTPS faces similar risks to other UK DB schemes: things like future low investment returns, high inflation, longer life expectancy and regulatory changes may all mean the BTPS becomes more of a financial burden. ...
Reality Check: The fight over women's state pensions image
Source : BBC [Read Article] Monday 29th of May 2017 02:29:06 PM
....From 1948 for more than 60 years men received their state pension at 65 and women at the age of 60. But over the years it was argued that the difference was unfair, as women had a longer life expectancy than men. ...
Call to raise retirement age to at least 70 image
Source : BBC [Read Article] Friday 26th of May 2017 12:02:45 PM
. The retirement age should rise to at least 70 in rich countries by 2050 as life expectancy rises above 100, according to a new report. ...
Tories and Labour not being honest with voters: IFS image
Source : BBC [Read Article] Friday 26th of May 2017 08:21:41 AM
....The Conservative commitments to replace the "triple lock" on the state pension with a "double lock" from April 2020 and means-test winter fuel allowance payments represent a "very modest change", according to the think tank. However, Labour's proposal to maintain the triple lock and to start paying state pensions no later than the age of 66 would be "immensely expensive in the long run - up to £50bn a year in 50 years' time" compared with raising the state pension age in line with life expectancy and increasing the pension in line with earnings. ...
Don't want to work until you are 70? You will have to, says WEF image
Source : Guardian [Read Article] Friday 26th of May 2017 06:07:32 AM
....The body that runs the annual gathering of the global elite in Davos said deficits in the world’s six largest pension systems would more than quadruple to $224tn by 2050 unless people worked longer and saved more. With people born today having a life expectancy of more than 100, the WEF said the cost of providing security in retirement for a rapidly ageing population was the financial equivalent of climate change. ...
'Ordinary' people image
Source : BBC [Read Article] Monday 22nd of May 2017 11:27:59 PM
.... . This trend is being driven by rising life expectancy, the progress of the large baby boomer generation through their careers and policy changes like the increasing state pension age. ...
Labour would scrap rises in pension age image
Source : BBC [Read Article] Thursday 11th of May 2017 02:59:31 PM
....If the party were in government, it would commission a new review of pension ages, hot on the heels of the official review just completed by the former business leader, John Cridland. The new review would be "specifically tasked with developing a flexible retirement policy to reflect both the contributions made by people, the wide variations in life expectancy, and the different nature of working lives". ...
Rock bottom interest rates destroy pension pots as £10m forced to delay retirement past 65 image
.... . Aegon pensions director Steven Cameron said retirement planning is so hard because nobody knows how long they will live: “National statistics can never be more than a blunt tool for estimating individual life expectancy. ...
State pension: Axing triple-lock has 'minimal savings and would hit poorest hardest' image
....Earlier this year, the Commons Work and Pensions Committee recommended axing the guarantee, as it had served its purpose. The group of MPs said the state pension age would have to rise above life expectancy in parts of the country if payouts keeps rising in line with the triple lock. ...
Pensioners will carry on hoarding cash if state won’t step in image
Source : Guardian [Read Article] Saturday 29th of April 2017 04:00:03 PM
. The row brewing over the state pension triple lock plays into a wider debate about incomes and wealth in old age and how, as a society, we adapt to the escalating costs of improved life expectancy, increasing care costs and, crucially, property prices. ...
Pensions triple lock: what you need to know image
Source : Guardian [Read Article] Thursday 27th of April 2017 01:39:07 PM
....At the moment the government plans to make people born after March 1961 wait until they are 67 before they qualify for the state pension age and those born after March 1977 retire at 68. A report by the former CBI boss, John Cridland, commissioned by the government argues that increasing life expectancy means everyone needs to work for longer. ...
Having enough money is key to happy retirement image
Source : Daily Express [Read Article] Sunday 9th of April 2017 12:01:00 AM
.... . Older people and those in poor health should be able to raise more, as their life expectancy is lower. ...
Ensure your pension numbers still add up image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 08:18:00 AM
.... . “Financial planning used to be based on a typical life expectancy of 80. ...
Pensioners' life expectancy falls back image
Source : BBC [Read Article] Wednesday 29th of March 2017 09:52:02 AM
. The average life expectancy of men and women at the age of 65 has fallen in the past three years, suggests data published by the actuarial profession. ...
State pension age must rise again, says report image
Source : Guardian [Read Article] Thursday 23rd of March 2017 06:11:18 AM
.... He called for the SPA to rise to 68 over a two-year period starting in 2037 and ending in 2039. Cridland’s report said an increase to 68 had already been legislated for in the Pensions Act 2007, but since then life expectancy projections had changed. ...
State pension age could be raised to 70, says report image
Source : BBC [Read Article] Thursday 23rd of March 2017 12:05:44 AM
....The government is due to make a decision on both reports by May. Ministers are under pressure to address the expected rise in the cost of pensions, which stems from longer life expectancy and the increasing ratio of pensioners to workers. ...
Number of women working past 70 in UK doubles in four years image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 01:05:53 PM
Happiness report: Norway is the happiest place on Earth image
Source : BBC [Read Article] Monday 20th of March 2017 08:43:03 AM
.... But the report also tries to analyse statistics to explain why one country is happier than another. It looks at factors including economic strength (measured in GDP per capita), social support, life expectancy, freedom of choice, generosity, and perceived corruption. ...
Smokers could earn £3,839 after quitting for just a year, figures reveal image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 08:38:00 AM
.... . They could also cut the cost of life insurance – generally twice as high for smokers because of lower life expectancy: “Even social smokers who spark up just a few times a year pay the full loading. ...
State pension age will be higher than life expectancy if 'triple lock' not axed, say MPs image
....5 years-old by 2060, according to the Commons Work and Pensions Committee. That is higher than the current average male life expectancy in 162 neighbourhoods in Scotland and 26 neighbourhoods in England, including in Blackpool, Manchester, Teesside, Leicester, East London and the Wirral. ...
State pension age 'could rise above lifespan' in poorer areas, say MPs image
....5 years by 2060. But the committee's research found that in deprived areas of England and Scotland, male life expectancy was below that level. ...
Raising pension age will mean many people die before getting it, say MPs image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:01:21 AM
....5 years by 2060 to make the triple lock affordable, “meaning today’s young would face working lives of over 50 years before receiving a state pension”. It added: “Making the triple lock sustainable would mean pushing the state pension age over average life expectancy in poorer areas of the UK”. ...
Five minute guide to making your pension last longer  image
Source : Daily Express [Read Article] Sunday 26th of February 2017 12:01:00 AM
....The rule states that if you withdraw no more than 4 per cent of your pension each year, your pot should never run out. However, experts say the rule no longer works, because of rising life expectancy and record low interest rates. ...
Life insurance: Why it now pays to be healthy image
Source : Daily Express [Read Article] Wednesday 1st of February 2017 12:01:00 AM
....With term assurance and whole-oflife, you have to undertake a medical and premiums will depend on personal factors such as your age, state of health and whether you smoke. Term assurance is particularly cheap and premiums have fallen steadily as life expectancy grows. ...
Alarm bells ring over raids on pension pots image
Source : Daily Express [Read Article] Wednesday 1st of February 2017 12:01:00 AM
.... . Capital concern Peter Bradshaw, national account director at Selectapension, said rising life expectancy makes pension withdrawals more dangerous. ...
Work till you drop: when will you retire — and do you want to? image
Source : Guardian [Read Article] Monday 30th of January 2017 08:01:23 AM
....”. Earlier this month, in Davos, Prof Lynda Gratton, author of The 100 Year Life: Living and Working in an Age of Longevity, hosted a session on increasing life expectancy. ...
Is equity release a good way to pay off your home loan? image
Source : Guardian [Read Article] Saturday 28th of January 2017 07:00:48 AM
....26%. After 22 years (the average remaining life expectancy in this scenario) the total amount owing – the loan plus interest – would have swelled to £151,635. ...
'There's a danger of a generation who can't afford to retire' image
Source : Guardian [Read Article] Monday 23rd of January 2017 08:05:59 AM
....”. It’s a perfect storm of problems: the end of the final-salary pension scheme, a failure of subsequent workers to save enough to account for this, and increasing life expectancy. ...
The new retirement: how an ageing population is transforming Britain image
Source : Guardian [Read Article] Monday 16th of January 2017 08:07:13 AM
....As the baby boomer generation enter retirement, we also reach a dramatic demographic turning point: 2017 will see the ratio of non-workers to workers start to rise for the first time since the early 1980s. Our vastly improved life expectancy, which is growing by five hours a day, was one of the great triumphs of the last century. ...
My new year forecast: Trumpian uncertainty, and lots of it image
Source : Guardian [Read Article] Monday 9th of January 2017 11:59:13 AM
.... I had been writing for years that unless growing inequality – especially in the US, but also in many countries throughout the world – was addressed, there would be political consequences. But inequality continued to worsen – with striking data showing that average life expectancy in the US was on the decline. ...
The Scottish pioneer whose plan for a basic income could transform Britain image
.... The infamous “Glasgow effect” sees adult males in the city’s most deprived areas die significantly younger than those from other working-class UK cities with similar patterns of deprivation and health inequalities. Here a person can lose 20 years of life expectancy in a six-mile corridor from the east end of the city to its arboreal west end. ...
Rising retirement age means that smart saving is more important than ever image
Source : Daily Express [Read Article] Sunday 8th of January 2017 12:01:00 AM
.... It will then rise again to 67 between 2026 and 2028, and to 68 between 2044 and 2046. Neil Adams, head of pension planning at advisers Drewberry Wealth, says that under the Pensions Act, these dates must be reviewed every five years based on the latest life expectancy data: “With the first such review due in May, we could well see the state pension age rising still further. ...
Fort among year's most clicked properties image
Source : BBC [Read Article] Monday 19th of December 2016 12:37:15 PM
....Scotland's Orkney Islands took second place, while Wychavon in Worcestershire came third. The study looked at a range of factors including life expectancy, health and employment rates. ...
There are fairer ways to set the pension age – but politicians are ducking them | Ros Altmann image
....I can understand why some policymakers seeking to cut the costs of state support for pensioners are attracted to the idea of continually raising pension ages, but I believe this is potentially damaging to certain social groups. The justification for such an increase is based on forecasts of rising average life expectancy. ...
Philip Morris's vision of cigarette-free future met with scepticism image
Source : Guardian [Read Article] Wednesday 30th of November 2016 11:14:07 AM
....2% over the same period. Maile said rising smoking rates in the developing world were partly the result of lower life expectancy reducing people’s fear of late-life diseases, as well the lack of social stigma attached to the habit. ...
What you need to know about funding your golden years image
Source : Daily Express [Read Article] Wednesday 30th of November 2016 12:01:00 AM
....”. If you have suffered a serious illness, are on medication, smoke heavily or are seriously overweight, you could get up to 20 per cent more income from something called an enhanced annuity, Tully says: “This pays more because your life expectancy is lower. ...
UK fuel poverty to last a lifetime, report says image
Source : Guardian [Read Article] Tuesday 29th of November 2016 12:01:33 AM
....It warned that that the current rate of progress in tackling the problem means fuel poverty will not have ended by the time a child born today turns 80. The average life expectancy at birth in the UK is 83 years for girls and 79 for boys, according to the Office for National Statistics. ...
'Basically a huge tax increase': readers on proposed pension age rise image
Source : Guardian [Read Article] Monday 28th of November 2016 02:30:32 PM
....But I worry about being divided against the older part of the population, surely division is exactly what the Tories want. Incentives to work until 70 would be welcomed by many fit older people, especially those without a really good pension to look forward to, but increased average life expectancy does not mean that all people getting on for 70 are fit enough for a full-time job. ...
Pension age may be about to rise again, says former minister image
Source : Guardian [Read Article] Monday 28th of November 2016 12:01:14 AM
....The SPA is the earliest age someone can start receiving their state pension, and is due to rise to 66 between 2018 and 2020, to 67 between 2026 and 2028, and then to 68 between 2044 and 2046. An official review is taking place into the future of the state pension, and on 16 November the DWP asked the Government Actuary’s Department (GAD) to look at projected life expectancy in future years. ...
Insurers must display rival pension annuities image
Source : BBC [Read Article] Friday 25th of November 2016 12:06:11 PM
.... . The comparisons will show equivalent annuities, but will not suggest the possibility of enhanced annuities to those who could get a better deal owing to a shorter life expectancy. ...
Five-minute guide to the ever-changing world of pensions image
Source : Daily Express [Read Article] Sunday 23rd of October 2016 12:01:00 AM
.... . Retired people can often secure higher annuity income if they have had past health problems, as their life expectancy is therefore lower, which means the annuity company may not pay out for as long. ...
Pensions: Compensation for those mis-sold annuities image
Source : BBC [Read Article] Friday 14th of October 2016 09:39:44 AM
....An estimated 90,000 people were not told they could shop around or receive an enhanced annuity, the Financial Conduct Authority (FCA) said. Enhanced annuities give people in poor health a better deal owing to their shorter life expectancy. ...
State pension: people who start working at 16 could get early access image
Source : Guardian [Read Article] Thursday 13th of October 2016 01:02:44 PM
....But the report said such an approach would be impractical. “Some commentators have suggested that an alternative to a universal state pension age increasing with life expectancy would be to provide people with a state pension age based on individual circumstances (for example place of birth) … such an approach is likely to be impractical and introduce new issues and new unfairness. ...
Young could get early access to state pension image
Source : BBC [Read Article] Thursday 13th of October 2016 12:16:03 PM
.... This will rise to 68 by 2046. The government has suggested that further rises in the state pension should reflect life expectancy, and the law requires a review during each Parliament. ...
No 10 rejects housing minister's call for people to skip generation in their wills image
.... “Generally in life we all like to think that our children are going to be better off than us. In terms of new technology and life expectancy, they are going to be,” he told a fringe meeting at the Conservative party conference in Birmingham last week. ...
Skip a generation when passing on homes, says housing minister image
Source : Guardian [Read Article] Sunday 9th of October 2016 10:31:31 PM
.... “Generally in life we all like to think that our children are going to be better off than us. In terms of new technology and life expectancy, they are going to be,” he told a fringe meeting at the Conservative party conference in Birmingham last week. ...
The untouchables? image
Source : BBC [Read Article] Tuesday 4th of October 2016 01:12:13 AM
.... . The fact that they have much improved life expectancy, and much higher levels of income and wealth than any generation before them is a fantastic achievement. ...
Zuckerberg and Chan aim to tackle all disease by 2100 image
Source : BBC [Read Article] Wednesday 21st of September 2016 07:32:40 PM
....The second is the Infectious Disease Initiative, which will try to develop new tests and vaccines to tackle HIV, Ebola, Zika and other new diseases. Mr Zuckerberg predicted that by 2100 the average life expectancy would be beyond 100 years. ...
Never retire image
Source : BBC [Read Article] Tuesday 13th of September 2016 11:19:10 PM
....That expectation started in earnest after World War Two, when industrialised nations created modern pension schemes. But those pension schemes were created when life expectancy was a lot shorter. ...
The state pension top-up that no one seems to want image
Source : Guardian [Read Article] Saturday 20th of August 2016 06:01:06 AM
.... On the face of it, that’s not a bad deal. According to the Office for National Statistics, the average life expectancy for a man currently aged 65 is 86, and for a 65-year-old woman it’s 89; some will reach 100-plus. ...
Germans should work until 69, says central bank sparking fears Britain could follow  image
....But experts previously warned the idea was fraught with complications. Tom McPhail, head of retirement policy at Hargreaves Lansdown, said: “The state pension is a blunt instrument, which makes no allowance for people’s wealth or their life expectancy. ...

How soon is too soon to find new love after bereavement?
 image
Source : Telegraph [Read Article] Friday 12th of August 2016 05:00:00 AM
. It is an age-old - and delicate question – but set to become ever more pressing as life expectancy reaches unprecedented levels: how soon is too soon for someone recently widowed to consider a new partner?. ...

Yes, some people really struggle, but inequality isn’t the problem 
 image
Source : Telegraph [Read Article] Wednesday 27th of July 2016 07:27:31 PM
.... In 1964, 97 per cent of working-age men with just a high school education were in the labour market; today, it is just 83 per cent. For the first time, life expectancy has started to fall for white Americans, partly as a result of suicide and alcohol abuse. ...
Let people take state pension early or they'll risk missing it, says thinktank image
....In a research paper published on Wednesday, the thinktank claims such a move would enable up to 250,000 people to enjoy a much-needed retirement after decades of physically demanding, manual work – a retirement that many will be denied because they will die before they’re old enough to retire. Increases in average life expectancy have led successive governments to raise the state pension age to 67 by 2028 – for men and women. ...
Annuity rates 'in freefall' since EU vote image
Source : BBC [Read Article] Friday 8th of July 2016 03:08:54 PM
....". Annuity rates have been falling for many years, as life expectancy increases. ...
Post-WWII baby-boomer pensioners to be optimistic after fallout from Brexit image
....The key is not to panic and to take professional advice. ” Guy Myles, founder and chief executive of financial advisers Flying Colours, says rising life expectancy means that many people could be in retirement for as long as 30 years and for that reason should favour income drawdown. ...
Britain heading for 'retirement time bomb as savers splash out on holidays and new cars' image
....The state pension age is being pushed further and further back, while companies are scaling back schemes amid huge deficits. At the same time, retirement savings needs to last longer as life expectancy keeps rising. ...
Six million workers saving for first time: You’ve got to roll with company pensions image
.... Rampant pension mis-selling by dodgy advisers, Gordon Brown’s notorious 1997 tax raid, the collapse of final-salary schemes and volatile stock markets have shattered faith in UK pensions, once the envy of the world. Plunging annuity rates have only made matters worse, with a £100,000 pension pot now buying a 65-year-old barely £4,000 a year of index-linked income, while growing life expectancy means people need to save more than ever, or expect to work to age 70 and beyond. ...

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