Royal London guaranteed annuity swap plan gets court approval
Most uplifts are expected to be in the 40% to 80% range
The High Court has approved Royal London's plan to allow customers with guaranteed annuity rates (GARs) to convert their guarantees into a top-up for their pension pot.
In April, the provider announced plans to offer an "actuarially fair exchange" for GARs in a bid to stop policyholders throwing away the value of the guarantees - noting Financial Conduct Authority (FCA)...
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