Make your retirement income work harder

Asset-backed annuities have been available for some time, but have yet to gain any real foothold in the UK market. However, there are a variety of factors coming into play that could open up the market over the coming year. For years, the ­asset-backed ­annuity space was ­populated by just one provider. Canada Life launched its ­Annuity Growth ­Account (AGA) more than a decade ago, and has since been joined by both ­Prudential and MGM Advantage. However, even these providers are willing to admit that there is a mountain to climb in terms of developing ­adviser ­awareness of these prod...