Prudential agrees annuity deal with L&G

Assist customers to get better deal

Kim Kaveh
clock
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.
Image:

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...

To continue reading this article...

Join Professional Adviser

 

  • 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 Pensions

DC pension projection revamp could see 'perverse' results - LCP

DC pension projection revamp could see 'perverse' results - LCP

‘Unrealistic’ outcomes

Jenna Brown
clock 27 May 2022 • 2 min read
Rachel Vahey: "The worry is that instead of tackling the issues head-on, the FRC's proposals are just making a bad situation worse."

Rachel Vahey: DC pension illustration reform 'going from bad to worse'

Statutory Money Purchase Illustrations

Rachel Vahey
clock 26 May 2022 • 3 min read
Regulators TPR and FCA to develop common VfM measurements

Regulators TPR and FCA to develop common VfM measurements

Greater transparency to deliver more secure retirements

Holly Roach
clock 24 May 2022 • 2 min read