Following a review of expenses, Lincoln Financial is reducing the administration fee on its flexible retirement product Lincoln i2Live by half from £200 to £100 per client.
Lincoln launched the proposition last year. It is billed as offering customers a unique range of flexible options to take them through each stage of retirement planning. Lincoln i2Live offers three products under one umbrella, including a personal pension plan, an income drawdown and an investment-linked flexible annuity. It allows clients to accumulate a retirement income pot with a range of flexible options on taking an income in retirement. Simon O'Connor, head of product development and marketing at Lincoln, said: "We are constantly looking for ways to further develop the already i...
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