Hybrid products hit IFA radars following AEGON launch

According to the study, most advisers now ‘understand and accept’ the additional costs of providing a guarantee for life and believe their clients will too. The research follows the launch of an enhanced version of AEGON’s ‘third way’ variable annuity, 5 for Life. The product, initially launched in 2006, will now have access to 50 new funds and offers a new 10-year money back guarantee regardless of market performance. Third way products - relatively new to the UK - sit between collective investments and annuities, offering consumers an element of control of their funds as well as the...