Pru and Zurich team up on annuities

The agreement will allow Zurich to exclusively offer Prudential’s Guaranteed Annuity Product to customers with maturing Zurich pensions. Starting on the 3 April, the deal will cover new vesting annuities from a range of pension policies, whilst continuing with the existing 2003 reassurance agreement covering maturing Zurich pension plans. Simon Foster, proposition management and development director at Zurich, says: "This agreement with Prudential enables Zurich to provide customers with a market leading annuity option and to reduce our presence in what is currently not a strategic mark...