State pension age warning: ‘High risk’ Britons won’t live long enough to get sum | Personal Finance | Finance
Ms O’Connor said: “If the state pension age rose at some point in the future to 70, then the number of people unfortunately dying before being able to claim it could rise quite significantly – more so in some areas than others. A rise to 68 would also see more people die before being able to claim it.”
Mark Devlin, senior technical manager at M&G Wealth, told Express.co.uk that there are some areas where people are already dying without receiving their state pension.
He said: “That danger is already here, there are a few areas in the UK that the average life expectancy is below state pension age.
“Increasing the age would only increase the number of these areas. A professional financial adviser will be able to help you with creating a plan to help you avoid running out of money.”