Aegon is set to close its guaranteed drawdown business due to "insufficient demand" despite opportunities presented by pension freedom.
The pension provider's guaranteed drawdown product, Secure Retirement Income, will close to new business on 1 March. Aegon has confirmed no existing customers will be affected. Aegon UK chief executive Adrian...
Lack of innovation for solutions
Some 2,000 consumers affected
Achievements, charity work and other happy snippets
Appetite has suffered since Brexit vote
'Failure to pay attention can result in enforcement'