Life and prosperity

Recently, David Norgrove, chair of the Pensions Regulator, warned that UK companies may be seriously understating the size of their pension obligations because they are making unrealistic forecasts of the life expectancy of their former workers. However, longevity is not the only issue. Potentially more concerning are the implications of the fact that we are living longer, but in ill health. Putting it bluntly, the time between contracting a debilitating illness, that requires care, and death is increasing - and that increase is significant. Living longer In 2001, the life expectancy ...