Insurers need to set aside less cash for pension payments as century-long rise in UK life expectancy stalls due to contaminated diet, stress and austerityA slowdown in improvements in life expectancy in Britain has driven a sharp rise in annual profits at the insurance and pensions firm Legal & General.
Worsening life expectancy means insurers need to set aside less cash for pension payments and allowed L&G to release £332m of reserves last year it had previously held back to pay customers.
Continue reading...
Source: guardian.co.uk