Who benefits when improvements in life expectancy grind to a halt?
This week, the Office for National Statistics said the UK has experienced one of the largest slowdowns in life expectancy growth among 20 of the world’s leading economies. It confirmed earlier figures that show that, since 2010, Britons’ life expectancy has stopped increasing, with the change most pronounced in women.
There is major debate going on about the causes of this development. Most people believe that Government policy – specifically cuts in benefits and social services – has had a major impact. Others think it is more complicated than that with lifestyle issues – such as the rise in obesity – playing an important part.
What is not in doubt is who is benefitting from the slow down in longevity. It ‘s pension providers. As people are dying unexpectedly early, pension firms are bagging a £1 billion bonanza. This news could make you sick.
More information here.