Zurich to launch protected drawdown product

Carmen Reichman
clock

Zurich is planning to launch a drawdown product that allows clients to convert assets into an income for life at a chosen point in retirement.

The provider is working on a new product to be sold via its platform from early next year, which will combine drawdown and an annuity-like guaranteed income. It said the product was aimed at people who wanted to use drawdown but did not want to face the possibility of running out of money in retirement. The product will involve a protection element people can purchase at retirement alongside their drawdown plan. They would then be able to turn their plan into an income for life at a certain pre-determined age. Zurich would not divulge details about the product's charging structure ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Advised platform AUM tops £711bn in Q3 with new business hitting 'all-time highs'

Advised platform AUM tops £711bn in Q3 with new business hitting 'all-time highs'

Headed towards a ‘record-breaking year’

Jenna Brown
clock 06 November 2025 • 2 min read
Embark 'working to resolve delays' after advisers flag transfer backlogs

Embark 'working to resolve delays' after advisers flag transfer backlogs

One client was unable to complete £400,000 pension transfer for over two months

Sahar Nazir
clock 03 November 2025 • 3 min read
Platform innovation: Terry Huddart on 7IM's Online Reporting

Platform innovation: Terry Huddart on 7IM's Online Reporting

'It's a fundamental upgrade to the client area of the platform'

Terry Huddart
clock 24 October 2025 • 6 min read