Forecasts could cut liabilities of private sector defined benefit schemes, industry figures say

Shorter life expectancy gives UK pensions an unexpected windfall

Up to £30bn could be wiped from UK corporate pension scheme liabilities owing to one of the biggest falls in life expectancy in a decade, according to industry experts.

The latest modelling by actuaries saw life expectancy assumptions at retirement age fall 1.9 per cent, or six months, compared with the previous year’s model.

This story originally appeared on: Financial Times - Author:Josephine Cumbo