Britannic annuity plan

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Britannic Retirement Solutions is launching an annuity based on its existing with-profits fund, and ...

Britannic Retirement Solutions is launching an annuity based on its existing with-profits fund, and using what it claims is a completely transparent charging structure. Bob Bullivant, corporate development director at Britannic Retirement Solutions, formerly Evergreen Retirement Assurance, said the offering improved on the opaque charging structure of the current generation of with-profits funds. "You can't see what is going on in their calculations of mortality rates, details of charges or how they put together their calculations for smoothing and the effect on future bonuses. This means...

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