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CGU launches with-profits annuity

CGU is to join other life offices and plans to offer a with-profits annuity.

The annuity, which is available to pension funds of between £15,000 and £1,000,000 carries guarantees the annuity will not fall below a specified amount.

This is calculated at the amount that would have been paid to a pensioner when the pension started had he chosen an anticipated growth rate of 0 per cent.

CGU marketing and strategy manager John Enos says: “The issue of falling annuity rates is causing concern throughout the pensions industry and with the Government. We are confident this new and competitive product will provide an attractive alternative for many of those people facing the important decision of how to provide for their income during retirement.”


Easy-Jet founder to offer internet banking

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Government body urges small firms to work together on millennium bug

Government Millennium Bug advice company Action 2000 is urging the finance industry to unite to beat the Millennium Bug via The National Mentoring Scheme. Action 2000 is concerned that more than a quarter of firms are still not bug complaint. Its scheme is aiming to bring together thousands of businesses in workshops to share experiences, […]

Framlington extends special offer on Japan Fund

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Pru offers single-priced version of Prudence bond

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Managing customers in drawdown

By Lorna Blyth, Investment Marketing Manager Delivering a decent drawdown review process takes time and resources. This article looks at how you can manage drawdown clients in a more cost-effective way. Most advisers are seeing an increase in drawdown clients following pension freedoms. Often these are clients with lower fund sizes, which means advisers are […]


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