Life expectancy for people in

Life expectancy for people in England and Wales aged 65 at the beginning of 2018 has shortened by two months compared with a year earlier. This was the same amount for men and women, according to data from the Institute and Faculty of Actuaries’ closely watched Continuous Mortality Investigation (CMI) which is the model used by life insurers and pension schemes to help them calculate pension payments. The research found that over the last six years, life expectancy has improved on average by 0.5 percent a year for men and by 0.1 percent for women. “Mortality is expected to continue to improve, but the model suggests this is likely to be at a slower rate in the next few years than in the first decade of this century,” Tim Gordon, chairman of CMI Mortality Projections Committee, said in a statement. Companies using data showing a slowing rise in life expectancy can wipe millions of pounds from their pension deficits.https://uk.reuters.com/article/uk-britain-longevity/life-expectancy-in-england-and-wales-shortens-research-idUKKCN1GD3DI