View more on these topics

Annuity deal for smokers

Partnership is offering what is claims to be the most competitive smoker annuity available .

The product offers people over 50 who have smoked at least 10 cigarettes a day for the past ten years a guaranteed income higher than a standard annuity. It is only available through IFAs, who can get quotes from The Exchange’s Exweb comparison service.

Partnership chairman Ian Owen says: “It is an inescapable fact that the vast majority of smokers will not live as long as people who do not smoke. Although, as a population, we are experiencing increased longevity, the rate of improvement for smokers is a lot lower than for non-smokers, so smokers who take a standard annuity are being hit with a double whammy. More broadly, the product demonstrates the importance of exercising the open market option.”

Recommended

Smooth running of CAR means articulating added value

Julian Stevens has invited advisers to provide their views on customer-agreed remuneration following the poor experience he had with a prospective client who wanted to renegotiate his “fee”. Julian’s letter actually tells us very little about CAR but an awful lot about the need to articulate value rather than price to a client. We have […]

A shaw thing

Sam Shaw is a reporter on Money MarketingAfter a very late arrival at Andrew Edmunds on Wednesday, I grabbed the tail-end of a rather interesting conversation led by Elliot Lane, head of media relations at the Chartered Insurance Institute, over lunch about Amy Winehouse and company expenses.The lunch was great and a sober affair as […]

Friends International protects global growth

Friends Provident International is offering an 80 per cent global growth protector fund.It says the fund aims to generate unlimited returns from a dynamically managed basket of equity assets while protecting against downside risk, using fixed interest and deposit investments.The fund is backed by BlackRock and HSBC, with a high emphasis on the developing equity […]

Buffett meal

This year has got off to a disappointing start with falls across all global equity markets. The latest bout of volatility stems from continued concerns about the state of the US economy.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment