People nearing retirement who are carrying around extra weight could potentially make a few extra pounds, according to Just Retirement.
The annuity specialist said people are far more likely to be obese around the age of retirement than at any other time in their lives, which could have a direct effect on those shopping around for an annuity. Government figures released towards the end of December show nearly a third of people at retirement age are obese yet still only 20% of all annuities sold are enhanced for health or lifestyle reasons. Dr Tim Crayford, chief medical adviser at Just Retirement, said: "That suggests there are a lot of people who are not shopping around and therefore missing out on extra income for t...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes