Partnership has launched an enhanced annuity which guarantees income for life but also gives retirees the chance to change their mind after 12 months.
The enhanced annuity specialist launched its Enhanced Choice Annuity in response to George Osborne's sweeping annuity changes announced in the Budget. It said the product would assist retirees who are currently reluctant to commit to a buying a traditional lifetime annuity. The product, sold through advisers, is aimed at those people who need their income and would therefore benefit from the guarantees of an annuity but want to retain some flexibility in advance of the changes set for April 2015. From that date all retirees will be able to access their entire pension pot at retirem...
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