Postcode Pensions – whatever next ?
I read a very interesting article in yesterday’s Daily Mail about changes Norwich Union are making to pension payouts. Basically, the healthier you are the less you are likely to get and this is based on research which shows that life expectancy is longer in certain areas where people live healthier lifestyles.
Norwich Union are planning to break up postcodes into 9 groups in a similar way to how car insurance premiums are affected by the area in which you live. This could potentially mean that by moving to the next street at a strategic point in your life, you could either decrease or increase your pension entitlement.
I personally cannot see this as being a fair way off assessing life expectancy.
To read the full article log on to the following link.
www.dailymail.co.uk/news/article-1026152/Pensions-turning-postcode-lottery-September.html
Are you about to start drawing your pension and how do you feel about this system?
This entry was posted on Friday, June 20th, 2008 at 8:00 am and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
