Scottish Widows launches into enhanced annuity market

The Scottish Widows Enhanced Annuity, which has been launched on three portals: Avelo, Assureweb and The Open Market Annuity Service, is available to customers between the ages of 55 and 75 with a minimum total investment of £5,000. It will be available on a single or joint life basis, a guaranteed period of zero, five or ten years can be selected, as well as the option to increase income each year by a fixed rate or vary in line with the Retail Prices Index. The annuity will be underwritten by the Reinsurance Group of America. Scottish Widows previously offered standard annuities ...