Enhanced annuity customers get 22% more - study

According to life assurer MGM Advantage's Annuity Index, a man retiring at 65 with a pension pot of £50,000 would receive an estimated £3,575 extra for the first five years of retirement - £715 each year - if he qualified for an enhanced annuity. A woman retiring at 65 would be £3,405 better off after the first five years, equivalent to £682 extra a year, it adds. The index tracks the income paid on standard and enhanced annuities and the data will be published quarterly. Enhanced annuities are available to people with certain medical conditions or those prone to ill health because...