HSBC Bank is to add Life Trust Insurance's Longevity Income Plan (LIP) to its investment panel.
The addition of the LIP to the bank’s list of approved products will enable some 285 HSBC UK wealth managers to offer the LIP to their clients.
The Longevity Income Plan is a single-premium investment product aimed at helping individuals to address the financial pressures arising from increased longevity.
Planholders are given the option of receiving income payments from either ages 75 through 95 or 80 through 100.IFAonline
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till