“This is one of the biggest financial decisions a retiree will make and one that can’t be undone, so it is important to fully understand the options and not rush."
He added: “It’s important to disclose health and lifestyle information which allows providers to generate personalised rates which could be higher – sometimes significantly higher – than the ‘standard’ rates published in the newspapers and online which are usually based on people in good health."
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carmen.reichman@ft.com
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