Skandia reduces AMC on pension product

The special offer applies to new investors transferring at least £100,000 into the Skandia Life Single Price Personal Income Plan, where the first payment is received before 30 April 2009. In a recent survey, 61pc of advisers said they expect income withdrawal business to increase over the next 12 months. 30pc of advisers surveyed felt that income withdrawal is appropriate for over half their clients, while a further 50pc felt this option was appropriate for at least a quarter of their clients. Nick Bladen, head of marketing development, said: "Purchasing an annuity is a one way street ...