Liverpool Victoria has added options to its with-profits pension annuity which it said increases its...
Liverpool Victoria has added options to its with-profits pension annuity which it said increases its flexibility. Investors could previously select the Anticipated Bonus Rate (ABR) of the annuity at outset and are now able to vary the chosen ABR, subject to the maximum ABR at that time, as many times as they like. This applies from the second anniversary onwards, Liverpool Victoria said. The second change allows investors to convert from a with-profits to a conventional annuity.
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Consequences could be more severe than in stress tests
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