property uk real estate agents investments websites sell news features information map company services
 PROPERTY   DIRECTORY   AGENTS   INVESTMENT   SELL   SERVICES   NEWS   GUIDES   HOTSPOTS   FEATURES   MAP   COMPANY
Image 5 of London Image 6 of Wales Image 7 of Northern Ireland Image 1 of London Image 2 of London Image 3 of London Image 4 of Wales UK Flag property uk real estate agents investments websites sell news features information map company services
 REGISTER
Username:
 Password:  LOG IN
 Search:  GO
     
 

 Should longer lives lead to later pensions?

 

Friday, May 10, 2002


Who wants to live forever? Well unfortunately, this is something that is beyond the realms of science at the moment, but apparently we are getting ever closer to that goal, with the trend set to continue as mankind evolves. That is of course if we don't blow each other up or kill each other off in some other way first…

New research published this week in Science Magazine by Jim Oeppen from Cambridge University, and Dr James Vaupel from the Max Plank Institute for Demography in Germany argues that it won't be long before octogenarians (people who live to the ripe old age of one hundred) are commonplace in this country.

They have demonstrated that the average lifespan around the world has more than doubled over the last two centuries to reach around 65 for men and 70 for women. And the long term trend shows no sign of changing, meaning that those people living in the countries with the highest life expectancy can expect an average lifespan of 100 years in around 6 decades.

Japan currently tops the lifespan league, with women reaching an average of 84.6 years and men reaching an average age of 77.6. British men rank 14th in the world with an average age of 75 while women in the UK, who live to 79.9 years, are back in 18th place.

The report coincides with research from AXA Sun Life which calls for the state pension age to be raised from 65 to 70, though if the scientists are correct, there would be plenty of scope for this limit to be pushed later than a time that will ultimately represent the later mid-life.

But the report from AXA is not really to do with the average age of pensioners in this country, rather that putting the date of entitlement to state pension back by five years could help encourage people to start saving for their retirement from their own funds.

The research found that by raising the state pension age by five years, 40 per cent of people would save more for their retirement because they do not want to work beyond 65. Two-thirds were also in favour of making it compulsory for people in work to make contributions into a pension plan.

Steve Folkard, head of pensions marketing at AXA Sun Life, said: "Pension charges have dropped dramatically especially since the introduction of the stakeholder scheme. Flexibility has also improved significantly and people now have much greater freedom over how and when they make their contributions and the size of these.

"But still we have an annual savings gap of £27 billion. If the government is going to be able to tackle this problem, there is little left for them to consider apart from taking action to either force people to save or make them think more seriously about how they will fund their retirement and when they can actually stop working."

 
 
     
     
 

 Get this news on your website !

If you have a website, whether it is a personal homepage or a fully fledged estate agent service, you can get our news headlines included on your site. Both these newsfeed services give you the option of having the full news content from TheMoveChannel.com - not just the articles that appear on country subdomains such as this one:

Premium service

For just £50 / month, you can now have your own customised news service on your website. With the XML-based service, articles actually appear on a page on your site, making this a sticky feature that won't result in your traffic leaving. You have control over the display format to show your choice of headlines, dates and short article introductions and can apply your own style sheet or control the display format with XSL sheets. Finally, you can also set your subject preferences so that your feed only displays articles which are relevant to your site audience.

 
     
     
 

 Top News Stories:

Brits abroad have 'no regrets’
6/19/2008 - Expats who’ve escaped to sunnier climes seemingly have no regrets about leaving the UK…


Canny FTBs remain ‘undeterred’
6/19/2008 - A new survey has revealed that FTBs are increasingly entering the new homes market with confidence...


Londoners love ‘laid-back’ Italy
6/18/2008 - A survey has revealed that Londoners see Italy as the most desirable place to buy property...


 
     
     
 

 Sponsored listings:

 
     
     
 

 Free E-zines:

Subscribe to our free regular email newsletters on the following subjects:

First name:

Surname:

E-mail:


Please select:

Daily headlines
Investment
Leaseback
Overseas
Weekly review
Other stuff


Click here for descriptions


 
     
 VISITORS   INVESTORS   OWNERS   DEVELOPERS   AGENTS   AFFILIATES   ADVERTISERS   PARTNERS   PRESS
worldwide
Worldwide
england
England
northern-ireland
Northern Ireland
scotland
Scotland
wales
Wales
london
London
spain
Spain
france
France
italy
Italy
usa
USA
Investment
Investment
Privacy policy   Terms of use   Support   Bookmark now!   uk index
TheMoveChannel.com is a protected Trademark.
Copyright © 2000 - 2008 On The Move Ltd. All rights reserved.