ABI calls for flexible annuities

The ABI has called for greater product innovation in annuities to give investors more flexible options. The association believes there is room for further growth in terms of the range of products available on the market, noting that developments such as unit-linked annuities have grown in popularity. Annuities have been criticised for the inflexibility of the income they provide. Stephen Sklaroff, ABI's deputy director general said: 'Our analysis shows the annuity market has developed enormously. More products have been launched in the past two years than in the previous 10 but the be...