LV= develops annuities comparison tool for advisers

The tool analyses the extent to which annuity rates, or the client's circumstances, would need to change for them to be financially better off with a fixed-term annuity. It allows advisers to input possible changes to health, circumstances - such as the death of a spouse - and annuity rates, to provide detailed charts showing whether a fixed-term or a lifetime annuity provides a better financial outcome. The charts can then be downloaded and used as part of client presentations or recommendations. LV= head of annuities and equity release Vanessa Owen said: "This tool aims to provid...