Lincoln retirement launch offers free switching

The Lincoln i2Live Retirement plan is an umbrella for three schemes including a personal pension, a drawdown product and an annuity, and has been designed to give investors more flexibility with their savings. The product will pay a ‘maximum supportable income’ (MSI) to investors equivalent to a yearly total that the product can support until the investor’s death. However, both the drawdown product, an unsecured pension plan providing income up to age 75, and the annuity offering can also utilise a guarantee, equivalent to 75pc of the MSI, which will kick in if the level of remaining ...