Living Time ups flexibility of income plan

The Income Plan pays a secure rate of income during the term and then returns a guaranteed maturity amount the client can use to purchase a new income solution that best fits their current needs. With no investment performance risk, the income can be tailored at the outset to meet clients' demands, subject to the maximum 120% of GAD limit. "The Income Plan is a very straightforward package offering more flexibility than a lifetime annuity but more security than conventional income drawdown," says Dave Harris, managing director of sales and marketing at Living Time. He believes the pl...