The number of Britons aged 85 years and over is set to make up 4.9% of the total UK population by 2049, according to the latest data from the Office for National Statistics.

Men are likely to live four years longer than they expected, while women could be underestimating their lifespan by a staggering seven years, according to new analysis.

Only 60% of professional investors are prepared financially for longer life cycles, with a high proportion, 40%, highlighting a lack of preparedness. 

The number of people aged 100 or over has doubled in the last 20 years while the number of 90-year-olds is steadily climbing, according to newly-published official government figures.