'Stagnating' life expectancy rates will not halt state pension age hikes

Life expectancy rates are slowing

clock • 2 min read

Figures showing life expectancy improvement rates have significantly slowed are unlikely to prompt the government to rethink planned state pension age hikes, AJ Bell has said.

      Data from the Continuous Mortality Institute, released on 1 March, suggested life expectancy improvements between 2011 and 2017 were "significantly lower" than any other recent six year period. AJ Bell said the slowing life expectancy improvements is likely to stir controversy because the government is preparing to accelerate increases in the state pension age. The state pension age is set to rise to 66 for men and women by 2020, before increasing to 67 by 2028 and 68 by 2039 - seven years earlier than under previous plans. Senior analyst Tom Selby said: "Nobody want...

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 Pensions

Crucial advice issue: Death benefits detail advisers need to know

Crucial advice issue: Death benefits detail advisers need to know

Important differences from previous regime

Andrew Tully
clock 05 April 2024 • 4 min read
British Steel a stark reminder of obligations around client files

British Steel a stark reminder of obligations around client files

Lawyer Philippa Hann reflects on her work around the pensions case

Hope Coumbe
clock 27 March 2024 • 2 min read
SSAS and the general levy: A victory for common sense

SSAS and the general levy: A victory for common sense

The value of SSASs after general levy consultation outcome

Caitlin Southall
clock 26 March 2024 • 5 min read