The proposed money back annuities being planned by Prudential and Norwich Union would allow pensione...
The proposed money back annuities being planned by Prudential and Norwich Union would allow pensioners who die soon after the purchase of their annuity to leave the remaining amount of their original capital to their heirs. Last year in its recommendations to the Government, the Annuity Bureau suggested capital protected annuities would allay people's dislike of a system whereby, on death, any residual pension fund transfers to the coffers of the insurance company.
From June 2019
11 years since launch of three Chartered titles
Hired 200 extra operational staff
Slow progress in improving diversity
Share purchase deal with assets of £28m