Aviva launches guaranteed fixed term annuity offering clients 'greater control' of pension savings

The new annuity proposition should provide a guaranteed income over a fixed term – between three and 25 years - without requiring a lifetime commitment. The provider said that it is aimed at individuals seeking a secure income stream, while retaining the freedom to reassess their retirement strategy at the end of the term. The Guaranteed Fixed Term Income Plan offering "complements" its existing annuity proposition range, which includes a comprehensive suite, from a Fixed Term annuity, through to Lifetime Care annuities. "These products are designed to support clients through every...