Longevity

UK workers are the worst prepared in the world for retirement and face a 12-year shortfall in retirement income, according to HSBC research.

A blueprint for constructing mortality models tailored to specific scheme memberships has been developed by academics at Cass Business School's Pensions Institute.

The Actuarial Profession has revised down its life expectancy projections for older people after recording slower than expected improvements in mortality rates over the last decade.

The government is to review the state pension age every five years in order to keep the retirement age in line with increases in longevity.

Government figures revealing a third of retirees are obese show retirees are not shopping around for annuities, according to Just Retirement.

Fears retiring baby boomers will monopolise resources and limit economic growth for future generations are "nothing to worry about", according to sociologist Frank Ferudi.

Partnership has appointed Chris Gibson-Smith to its board as chairman-designate.

Employers expect increases in the typical retirement age to outpace the rise in the state pension age, according to research from the Association of Consulting Actuaries.

FTSE350 scheme deficits have remained virtually unchanged since 2002 while FTSE100 longevity assumptions have increased for the sixth year running, Mercer says.

Trustees should be prepared for life expectancy of members to continue to increase rapidly despite data from the Office of National Statistics suggesting a possible slowdown, says Mercer.