New retirees overly-pessimistic about life expectancy
Soon-to-be and recent retirees significantly underestimate their longevity, expecting a lower chance of survival to old age compared to official estimates, according to the Institute for Fiscal Studies (IFS).
Savers in their 50s or 60s gave, on average, a 20 percentage point smaller chance of living to age 75 than official estimates, as calculated by the Office for National Statistics (ONS), and a five to 10...
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