Average life expectancy is increasing dramatically. This means we could be living for more years in retirement and so the income you have will need to last longer.

We hope you’ll be planning for a long and healthy retirement.

Government estimates for the UK show that life expectancy for people aged 65 in 2017 will be around 87 for men, and around 89 for women*.

Projected average life expectancy at 65*

UK POPULATIONLIFE EXPECTANCY ON REACHING AGE 65 IN THE YEAR SHOWN
   2017  2022  2027
Women   24.0  24.5  25.1
Men   21.8  22.4  22.9

*Source: Office for National Statistics

Don't run out of money

With this increased life expectancy, proper retirement planning is critical.

Lifestyle effects

If you have medical conditions and are overweight or smoke, this may effect your life expectancy, so you may be able to get a larger income.

Other providers will view your medical or lifestyle factors differently to us and may be able to offer you more income than we can. Even if you qualify for a larger income with us, we strongly recommend you shop around to find the best deal.

Your next steps

Or move on to the next section

Retirement Options which looks at the different ways you can access your pension pot.