Just Retirement unveils FTA switch offer

Fixed-term annuity clients who selected Plan Protection can now move due to factors including divorce, death of a spouse or changes to their income needs. "The conversion option appeals to retirees who want the certainty of return a fixed-term annuity offers but are wary about being locked in," said Stephen Lowe, group director of external affairs and customer insight director at Just Retirement. Previously customers could shop around and convert to an enhanced annuity if they suffered health problems during the term of the plan. Lowe said the feature was launched in response to ad...