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Trustee plan offers fixed-term annuities

Living Time is offering a trustee investment plan that will allow clients with Sipp and SSAS investments to buy a fixed-term annuity.

It is expected to launch in the next six to eight weeks and the firm says it is working on developing its products to accept protected rights. The at-retirement specialist is considering launching a variable annuity as it believes the current products are too expensive. Sales and marketing director Dave Harris says: “Our fixed-term annuities are much more consumer friendly and we believe there needs to be further innovation in the variable annuity market.”

Hargreaves Lansdown pensions analyst Nigel Callaghan says: “This is a welcome move as Sipps are becoming a bigger part of the market. Fixed- term annuities allow people to defer the time at which they annuitise, which means they are more likely to be able to buy an enhanced annuity and get a better rate.”


Bless this office

Wrap provider Ascentric’s new Indian operation in Bangalore has been given a traditional Hindu ceremony, consecrating the office to provide prosperity and success for all those who work there.

What exactly is product innovation?

By Fiona Tait, Pensions Specialist Ros Altmann reportedly hoped for more product innovation following pension freedom¹ and, according to one poll, 66 per cent of advisers also believe that providers should be doing more². This article considers whether there is a real client need for new products, or whether we should be focusing our attention on efficient delivery […]


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