View more on these topics

L&G extends direct service to enhanced annuities

Legal & General has extended its annuity solutions service to offer enhanced annuities directly to consumers as well as its postcode product.

L&G’s enhanced annuity covers an extensive range of lifestyle and medical health risks which include smoking and high blood pressure, through to more serious medical conditions such as stroke, heart disease and cancers.

The firm says the specialist Annuity Solutions team will help customers ensure they disclose all the relevant information.

Head of annuity product development Tim Gosden says: “The Annuity Solutions service is proving to be very popular and it’s clear that there is a demand from customers who feel confident enough to buy a pension annuity themselves.

“Given the success of the service to date, providing the ability for customers to arrange an enhanced annuity seemed the logical next step.

“As we will accept funds of a lower value than many other providers, we believe that more customers will be able to benefit from the improved income an enhanced annuity can offer.

“We continue to believe and support the need for customers to get independent financial advice but it is also important to provide customers with the choice to buy directly from us, if that is what they wish to do.”

The minimum fund value L&G accepts for enhanced annuities is £5,000 although the firm says it will consider funds between £5,000 and £1,000.

Recommended

Time will tell

It seemed to me for a while last week that the long-awaited (by some) pullback in share prices had begun.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com