Tag Archives: longevity

The Tories are cheating us out of our pensions – and our retirements

Arguments used by the Conservative government to justify increasing the age at which we may draw our pensions are increasingly false, it seems.

Fellow social media journalist David Hencke has all the information on his website.

He says the Tory claim is that as life expectancies continue to rise, it will be impossible for the pension fund to pay out for everybody unless the pensionable age rises too.

There’s just one problem:

Ministers always quote figures up to 2011… [the] last year of any big rise in longevity which had risen for decades.

Since then the rise has flattened – in one year it actually fell – and last year was the first in five years that showed a small rise. Next year the ONS is warning will be the first year they will have figures of the effects of Covid-19 – and the hint is that longevity will fall because of the disproportionate deaths among pensioners.

Worse still:

When you compare the UK to many other developed countries both men and women have lost out big time in the longevity stakes. The countries that make up the UK (with the exception of Northern Ireland) are all near the bottom of the table.

So while we all are being expected to wait longer for our pension in the UK, our extra weeks of life expectancy fall well below many comparable developed countries. We are being cheated – or at least not given the full facts – by our political leaders. So don’t believe any facile claims we have a world beating system for pensioners. Far from it.

The increased longevity argument was used strongly by the Department for Work and Pensions in its court battle to avoid paying compensation to 3.8 million women whose pension age rose from 60 to 66 – but who were not given enough warning to make proper preparations for it.

But our people aren’t living as much longer as people in other countries. What are those nations doing about pensions? And how are they doing it?

It seems clear that Mr Hencke is right and we are being cheated.

I wonder what we can do about it, if DWP representatives are prepared to perjure themselves in court to preserve a lie.

Source: The chances of living longer are getting shorter – new Office of National Statistics figures show only small rise in longevity | Westminster Confidential

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