, Columnists
Death's No Excuse for a Party
Falling life expectancy can give a jolt to pension pots.
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The Grim Reaper has some happy news, but if pension funds turn this into a party they're dicing with death.
Continuous Mortality Investigation Ltd., which produces longevity projections using data on lives that are insured or in pension plans, said the average life expectancy of men and women aged 65 declined in the past two years. The greatest reductions in projected lifespans were seen at the oldest ages.