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...
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