Clerical Medical moves into annuities

HBOS subsidiary Clerical Medical is throwing its hat into the annuities ring and will launch its first two annuities products next Monday 25 November. The Secure Annuity and Invested Annuity will be sold under the FutureProof brand that has been designed to reflect commitments to security, flexibility, protection and transparency, a spokeswoman says. Chief among the sales hooks used to market the new products will be CM's commitment to transparency. The company promises to "openly declare all adjustments made to income" and to provide "a breakdown of all charges made to incom...