The mortality rate in England and Wales continued to improve last year, prompting actuaries to warn of a knock-on effect on pensions.
Mortality projection models are in need of a radical overhaul to ease insurers' funding problems and give them confidence when pricing future retirement income solutions, an influential new report argues.
The removal of the requirement to annuitise by age 75 could encourage people to remain in drawdown even when it becomes damaging, MGM Advantage and Intelligent Pensions (IP) warned.
A new nationwide method for calculating NHS mortality rates has been unveiled following a national review.
Mortality tables issued by the Actuarial Profession suggest male smokers have a one in a hundred chance of dying at the age of 60 and are twice as likely to die as non-smokers.
Latest mortality tables published by The Actuarial Profession confirm male mortality is improving at a faster rate than for women.