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There is a risk of living longer than expected, which would see this money running out and him falling back on his state pension, but as long as his lifestyle is affordable on this income, it is a sensible strategy to enjoy the wealth during his lifetime." However, Tom McPhail, pension adviser at Hargreaves Lansdown, reckons the annuity option "will still be the right thing to do"

The Kingdom of Bhutan was the first to do so in 2004 and was widely praised by bodies such as the World Health Organization (WHO)

For the first five months of 2026, cumulative exports totaled US$4.018 billion, approximately US$35 million lower than a year earlier

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