Longevity indexed to state pensions the way forward - NAPF

Chief executive Christine Farnish says an ‘advisory body’ comprising actuary and mortality experts should be implemented, to control the state pension age according to longevity, adding the state pension age should be raised to 70 by 2030. Speaking at the Cityforum Roundtable event last week, Farnish pointed to recent figures released by the Government Actuaries Department stating at the age of 65, professional males were expected to live to 86 while manual workers expected to live to 81 years. She pointed toward a value of a system of income via earnings as a means to encourage people ...