Island's life expectancy rising every decade

A report of the latest review of the Island's National Insurance Fund has discovered that the population is living longer, with life expectancy jumping another year every decade.

The review covers the 5 year time period to 31st March 2007.

The increase in life expectancy means people are drawing state pension for longer, meaning that if no action was taken the Fund would be exhausted by around 2050.

The fund is currently valued at £650 million.

However measures are currently being undertaken by the government to ensure the sustainability of the fund; this will see state pension ages for men and women increased by 2020.

It's anticipated that these changes will be in line with the rises in life expectancy.