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
An ambitious objective
'Something completely new'
'Illusion of control'
Reasons to be cheerful
Total investment reaches £9m