M&G launches fixed term annuity as it re-enters market

Retirees who take out the product, which will be invested in M&G's £129bn With-Profits fund, get a guaranteed income for the term with potential modest bonus if investment conditions are better than expected, the provider explained. M&G said it was expanding adviser choice by giving them "greater access to a blended product suite to create tailored retirement income solutions for clients". It explained the Prudential Guaranteed Income Plan would be available as a trustee investment within self-invested personal pension schemes and "enables advisers to blend a guaranteed income solutio...