Living Time links with Openwork

Openwork will distribute Living Time’s pension plans, the Living Time Income Plan and the Living Time 75 Plan, which give customers an income for a fixed term until their final annuity decision before or at age 75. Kim Lerche-Thomsen, chief executive of Living Time, says: “Our fixed-term annuities are becoming increasingly attractive to people as a 21st century solution to their retirement needs. “The big advantage is that there is no lifetime lock-in, which means that people have the flexibility to rethink their finances during an ever lengthening retirement phase and to switch to new...