Standard Life launches new annuity to provide retirement security

Made to meet the ‘increasing desire’ for guaranteed income in retirement

Isabel Baxter
clock • 1 min read

Standard Life has launched a new individual annuity called the Standard Life Pension Annuity for those who want guaranteed pension income.

The annuity is available to new and existing Standard Life customers and is aimed at those aged between 55 and 75. It can be accessed through advised and non-advised routes, including industry quote comparison portals and annuity brokers. Standard Life said it is also fully medically underwritten and offers benefit features including inflation-linked options and value protection. Managing director for individual retirement Claire Altman said: "In an uncertain economic climate, in which three quarters of people say they want income certainty in retirement, the guaranteed income offe...

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