A pensioner with money in her hand
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Pensioners could be given advice on how long they will live

17 April 2014 Last updated at 07:52 BST

Pensioners could soon be told how long they are likely to live under a government plan to help them manage their money better.

Pensions Minister Steve Webb wants to use factors like smoking, exercise and geographical location to give a more accurate assessment of how long a retirement - and any savings - are likely to last.

The BBC's political correspondent Gary O'Donoghue reports.