Prudential new generation annuity

Prudential Annuities is launching its Flexible Lifetime Annuity in which IFA clients can control their income and investments within an annuity. The product, which the group is calling a new generation annuity, invests in equities, and scheme members can convert the value of their fund to a conventional fixed annuity at any time. It is the main option under the group's new investment umbrella called the Flexible Retirement Income Account, which is made up of the annuity product and a new income draw down facility designed to work with the annuity provision for those with larger ...