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1st – The Exchange adds real-time fixed-term annuity rates to Exweb

1st – The Exchange has expanded its existing annuity comparison system on Exweb with the launch of real-time fixed-term rates.

The rates will be available to subscribers at no extra cost. The firm says the expansion will provide the widest range of annuity product types in the market, via a portal.

Alongside traditional lifetime annuities, 1st – The Exchange says the new functionality will help advisers to research retirement options and access client specific fixed-term quotes using the most up-to-date information available.

Living Time is the first provider to launch their product on the service.

Key benefits of the Exweb annuity service include real-time and indicative rates, standard, smoker and enhanced annuities, comparative results, client illustrations and the facility to store and retrieve quotes.

Managing director David Child says: “The Exweb annuity service promotes open market options, encouraging full assessment of all retirement vehicles available. In response to continuing market changes and innovation, we can now quote for lifetime, fixed term or ‘to age’ annuity scenarios. We are delighted to be the first to offer such a range of retirement options on a real-time basis. This is another positive move for Exweb, developing leading-edge technology solutions in order to help intermediaries in this ever-changing market.”

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