Living Time has announced it will allow customers to invest Protected Rights pension cash in its fixed-term annuities.
The firm claims the move is part of its ongoing efforts to offer more flexibility to advisers and their clients.
Living Time says fixed-term annuities can be very useful to clients in volatile market conditions, providing certainty over growth and income, while also giving the client the flexibility to change their income options at a later date.
By enabling Protected Right to be invested in fixed-term annuities, clients can consolidate all of their pension money, potentially reducing costs in the long-run, it says.
The firm adds it will be revealing a range of initiatives in early 2009 as part of its ongoing development plans.
Contact: John Bakie, Tel: 020 7484 9805, e-mail: [email protected]IFAonline
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