Do your drawdown clients need a health check?

There has been much publicity and coverage about the need to consider annuities for drawdown clients as they get older due to the increasing impact of mortality cross subsidy. However, little has been written on the importance of health and how changing health and lifestyle conditions can (or should!) drive changes to a drawdown strategy. Enhanced annuities have been a growing development in the annuity market and we estimate that over 50% of retirees could now qualify for an enhanced annuity rate before age 75. Being unaware of either the availability or scale of the enhancement avai...