Pensions  

British centenarians up by 73% in a decade

Between 2002 and 2012, the number of centenarians living in Britain rose from 7,740 to 13,350, while the ONS said life expectancy had reached “its highest level on record” for both men and women.

Male life expectancy for those born in 2012 has reached 78.7 years while women are expected to live to 82.6 years old.

The ONS statistics also showed that the life expectancy gap between the sexes had narrowed to four years between 2010 and 2012 from six years between 1980 and 1982.

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Those people at retirement age are also expected to live longer, with a 65-year-old man living a further 18.2 years, up 40 per cent in the 30 years to 2012, while a 65-year-old woman can expect to live another 20.7 years, a 25 per cent rise in the same period.

ADVISER VIEW

Robin Baker, adviser at York-based Eden School Fees Adviser, said: “The massive changes to pensions announced in the Budget only highlight the problem we face in the UK of too few people saving for their later life.

“The government is providing a massive incentive to people to save for their future by removing the restrictions that the annuity regime provided.”

Key statistics

- There are 264 women over the age of 90 for every 100 men.

- 806 out of every 100,000 people in the UK are over the age of 90.

- There are 660 people aged over 100 in the UK.