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...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.