Getting a grip

The at-retirement market has seen some major innovation in recent years and will continue to do so going forward. In the past month or so we have seen the launch of two new products - the Prudential Income Choice Annuity and the Axa Family Suntrust. Both products seek to meet customer needs by providing income flexibility and in the case of the Suntrust, the opportunity to pass money between generations in a tax efficient manner. It is heartening to see that products are being developed to meet people's changing retirement needs. However, we also need to be careful that new products are b...