Men and women in the UK have a higher probability of dying than predicted, a new report has found, which could have a big impact on the future viability of pensions schemes.
The research from Bayes Business School, which looks at death rates for people aged 50 to 95, painted a bleak picture for men and women in the UK.
Analysis of 21 high-income countries over a period of 50 years analysed the patterns of death rates between 1960 and 2010 and then explored whether what has happened since 2010 followed the predicted patterns.
The data shows that, following decades of improvement in the probability of dying and in life expectancy, since 2011 the probabilities of dying for people in the UK are higher than forecasts based on the earlier trends.
There is also a marked difference in gender. It is most starkly shown in UK women, whose average improvements in the probability of dying has fallen from 2.1 per cent a year (2000-2010) to 0.84 per cent (2011-2017). In UK men, the improvement rate is the lowest it has been in almost 40 years (1.18 per cent), since the 1980s.
The data showed a trend in death rates among women that was worse than expected in 19 of the 21 analysed countries. Of the 21 countries examined, the UK ranked 17th worst for women and 19th worst for men.
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