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Research shows pensioners unaware of impaired life annuities

05 September 2007

Research carried out by ill-health financial solutions provider Partnership show that half of the individuals over the age of 50 who suffer poor health are unaware that their medical condition could entitle them to a higher pension on retirement.

Retirement income may be increased by shopping around if their contract allows an Open Market Option which means that another pension provider may pay higher benefits than the original provider. This may be especially true if the individual suffers from an everyday medical complaint that would qualify for an enhanced product.

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