13 July 2021
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2 min read
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"There has been a quiet revolution going on within the annuity market, driven by demand post pension freedoms for people to get their money back whatever happens in the future." Canada Life's Nick Flynn
Sales of ‘money-back’ guaranteed annuities accounted for more than one in ten (15%) of plans sold by Canada Life in the past 12 months pointing to a “quiet revolution” in the market.
The provider said the annuities offer the client the choice of 100% value protection or longer guaranteed income periods typically 25 years or more. Before pensions freedom was introduced in 2015, providers...
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