Axa Life Invest launches post-Budget annuity alternative for 'active retirees'

The provider said its Secure Advantage+, sold through advised business only, is unlike anything else on the market and will assist pension savers as they seek to take advantage of the flexibility made available through the Budget retirement income reforms. Clients using the product can remain invested in the market, with the option of taking out a guarantee to protect against market falls. The company said the product differs from others on the market as it gives a guaranteed minimum income for life. It said savers can turn the guarantee off and on when they want to and select different...