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
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
