The Office for National Statistics says that the pace of improvement in life expectancy has slowed considerably in the last few years.

Defined Benefit pension schemes have seen major improvement in their deficits with 46% now in surplus - partly helped by a fall in life expectancy reducing liabilities.

Life expectancy at birth in the UK declined slightly in the period 2015 to 2017 after many years of increasing, according to ONS data released today.

New figures from the ONS, which point to a slowing of life expectancy increases, are good news for defined benefit pensions schemes, according to AJ Bell.