The Hartford broke new ground when they introduced their Hartford Platinum product to the UK earlier this year. Chris Dickinson and Mark Stopard tell Helen Morrissey how it has been going so far
Increasing longevity, falling annuity rates and a general mistrust of pension products are all major issues within the UK retirement market. Despite the growing popularity of income drawdown, the lifetime annuity market still accounts for the vast majority of at-retirement business. While such annuities do provide the stability of a guaranteed income for life the lack of death benefits and the fact that the fund is no longer invested in the market acts as a disincentive to those who wish to have more control over their pension pot. At the other end of the scale income drawdown is seen as ov...
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