I'm 55, 5ft 7in, 11.5 st. I have a 32" waist, too. My chest is 40".
I look like an extra from LOTR.
However, nothing hangs over my belt line that could be called "pot belly".
(Despite 8 pints a night. :oops:)
Guess we're all different, Oldgit! :-)
Some people are naturally pear shaped, I really wouldn't worry about it.