Pensions Minister Steve Webb
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Pensions minister: 'People are living a lot longer'

17 April 2014 Last updated at 12:16 BST

Retirees could be issued guidance on how long they are likely to live, a government minister has said.

Estimates of life expectancy would be based on factors such as gender, where they live, and whether they smoke.

Speaking to the BBC, pensions minister Steve Webb said that people are living a lot longer and "tend to underestimate how long they are likely to live".