Openwork Market Solutions (OMS), Zurich Financial Services Group's specialist IFA, has become the official distributor for Living Time's fixed term annuity plans.
Openwork will distribute Living Time’s pension plans, the Living Time Income Plan and the Living Time 75 Plan, which give customers an income for a fixed term until their final annuity decision before or at age 75.
Kim Lerche-Thomsen, chief executive of Living Time, says: “Our fixed-term annuities are becoming increasingly attractive to people as a 21st century solution to their retirement needs.
“The big advantage is that there is no lifetime lock-in, which means that people have the flexibility to rethink their finances during an ever lengthening retirement phase and to switch to new income products that better suit their situations at that time.”
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