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Retirees risk losing £1,500 over 20 years by not shopping for the best annuity rates, despite age.
Retirees are advised to shop around for the best annuity rates, as an analysis by Just Group shows that 70-year-olds are not always offered better rates than 65-year-olds, despite having a shorter life expectancy.
Failing to find the best deal could cost retirees around £1,500 over 20 years.
Experts recommend disclosing health and lifestyle information and consulting with financial advisers to secure a better income.
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Los jubilados corren el riesgo de perder 1.500 libras esterlinas en 20 años al no comprar las mejores tasas de anualidad, a pesar de la edad.