Half of 30 year olds to live to 100-research

clock

As many as 50% of 30 year-olds could live to age 100, according to Paternoster, the insurance company that takes on responsibility for defined benefit (DB) scheme risks.

Paternoster based its findings on DB scheme members’ data and its study follows research from The Office of National Statistics, which shows a 90-fold increase in the number of people living to age 100. The percentage of 30 year-olds projected to live until 100 has risen from 3.2% in 1997, 0.6% in 1987 and 0.4% in 1977. Richard Willets, longevity director of Paternoster, says centenarians are still relatively rare and represent just 0.015% of the total UK population. The research also shows 40% of 40% will probably live to 100, compared to 30% of 50 year-olds, 20% of 60 year-olds and 13...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read