UK schemes have increased longevity assumptions by six months in the last three years, according to research from Mercer.
The consultant's 2014 Valuations Survey found schemes assumed men aged 65 would live a further 23 years and four months on average, compared to an assumed life expectancy of 22 years and ten months in...
Females can expect to live a greater number of years in poor health than males, according to data from the Office for National Statistics (ONS) for 2015 to 2017.
Scottish higher-rate taxpayers will benefit from more pensions tax relief than workers on the same salary anywhere else in the UK as income tax bands continue to diverge.
Schemes risk breaking the law and being force to wind up as The Pensions Regulator (TPR) warns some may be master trusts but do not know so.
As a hectic 2018 draws to an end, Jonathan Stapleton wishes readers a quieter 2019.