Dr Maths ; Top Class

Summary


DEAR Dr Maths,

In the past, was maths used to fix the retirement age at 65 for men and 60 for women? I heard that pension companies can calculate their profit margins by average life expectancy. How does this work?

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Dr Maths ; Top Class

Dave, Gateshead

The job of an actuary in a pension company is to calculate the average life expectancy of the...

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