Falling longevity expectations to cut deficits

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The Actuarial Profession has revised down its life expectancy projections for older people after recording slower than expected improvements in mortality rates over the last decade.

When applied to a standard scheme membership model, the projections equate to a 7.5% drop in life expectancy for a male scheme members aged 95 who can now expect to live for another 3.08 years. ...

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