RETIREES are missing out on £1.25bn of pension benefits annually, due to a lack of knowledge as to how poor health can positively influence annuity rates, according to Partnership, the provider of ill-health financial solutions for retirement and long term care.
Partnership estimates that half of UK retirees could qualify for an enhanced annuity rate because of their state of health. However, their survey of 3,000 retired or nearly retired people found that...
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