Advances in biomedical sciences have dramatically increased lifespans, which poses a real risk to a lot of schemes, with many now looking at the best ways to reduce such a risk.

Aubrey de Grey, a biomedical gerontologist (gerontology is the study of ageing) and founder of the Sens Research Foundation, has said that the first person to live to 150 years old has already been born and that someone born within the next 20 years could live to be 1,000.

For anyone that runs a pension scheme this could be a frightening thought. 

News earlier this month that telecoms giant BT hedged 25 per cent of its total exposure to improvements in longevity was the catalyst for a flurry of longevity-related announcements.  

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