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As part of the deal, all guaranteed benefits will be honoured by Prudential and fulfilled by L&G, which will also compare the entire market to see if the rate can be improved.
Legal and General (L&G) Retail Retirement has agreed an introducer agreement within its retirement income division to provide annuities to Prudential customers with guaranteed rates.
The arrangement - which will take effect from 1 November 2019 - is the fourth of its kind for L&G, following similar agreements with Aegon, ReAssure, and Sun Life Financial of Canada. It follows the...
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