UK retirement age will be '3.5 years early' by 2050

While the UK seeks to pursue a policy of an equilibrium between working life and retired life, current policy puts the UK on track to have a retirement age up to 3.5 years below that required for fairness. Presenting at the Longevity 16 conference on Saturday (14 August), Universidade Nova de Lisboa professor of finance and economics Jorge Bravo said no pension system in the world had rules designed for intergenerational fairness. "There is a significant gap between period and cohort life expectancy measures," he said, noting the use of period life expectancy to define policy was a ma...