The Indian Olympic Association (IOA) is set to introduce medical health insurance and a pension scheme for all former Olympians. This initiative, proposed by IOA president PT Usha, aims to support the well-being of athletes who have represented India on the global stage. The move comes after Usha witnessed the financial struggles of former Olympian Limba Ram, who suffered a brain stroke and required financial assistance.
Pensioners could be missing out on a significant amount of money due to annuity mistakes. By shopping around and comparing providers, retirees can potentially increase their income by thousands of pounds over their lifetime. It’s crucial to carefully consider all options and ensure that an annuity is the most suitable choice for individual circumstances.
Pensioners looking to boost their retirement income through annuities should be aware of a potential mistake that could cost them dearly. Experts warn that not shopping around for the best rates could result in a loss of up to £14,500 over a 20-year retirement period.
