State Pension  

Life expectancy worsens as pension age is set to rise

"It is too early to say definitively if this trend is set to continue into the future, but having seen two years of worsening improvements, maybe it is time to change the widely held view that we will all continue to live longer."

He said it would be interesting to see what the next update will be for 2016 in terms of mortality rates, warning the government may be getting ahead of itself in suggesting state pension age hikes.

Article continues after advert

Mr Price added: "Mortality is a key assumption when setting the state pension age so the government may be premature looking to increase the age even further at this point of time."

simoney.kyriakou@ft.com