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8/09/2018

PROFIT FROM LIFE EXPECTANCY NO LONGER INCREASING PENSION FIRMS

PROFIT FROM LIFE EXPECTANCY NO LONGER INCREASING PENSION FIRMS
Britain’s pension providers are enjoying a £1bn bonanza from the worsening outlook for life expectancy, as they book large profits from people who are dying unexpectedly early.
Legal & General, which manages pensions for 1.1 million people, said that changes in mortality rates will allow it to release between £300m and £400m during 2018. Chief executive Nigel Wilson said: “People are not living anywhere near as long as anyone thought they would.”



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