Standard Life postpones Variable Annuity product launch

At the end of May, Standard Life initially announced its intentions to roll out the proposition having identified potential in the market for a hybrid between the conventional annuity approach and income drawdown. It was originally slated for launch at the end of the summer. A spokesperson for Standard Life said: "We believe that the variable annuity market continues to present opportunities for Standard Life, and valuable benefits to the customer. We have worked hard to develop and build a Guaranteed Income Plus feature for our SIPP which we believe to be market-leading. It is no surpris...