New annuity launched by LV=
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Money News |
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New annuity launched by LV=
Mon 7th Nov 2011
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Matt Trott, LV= head of annuities, said: "The launch of our new annuity offers a simpler structure than traditional with-profits annuities and includes comprehensive features such as enhanced terms, value protection and competitive starting incomes."
Clients will be able to take out a Pipa with assumed investment returns of between zero to four per cent at the outset and while the income from the product will be variable each year, LV= has guaranteed it will never fall into negative equity.
The news follows recent comments from Dave Penny, an independent financial advisor and managing director at Invest Southwest, who highlighted the impact that falling gilt yields and annuity rates could have on those approaching retirement in the years to come.
He claimed Brits could be left with "severely compromised" pensions as a result of market volatility and the uncertain economic climate at present if action is not taken.
Click here for more pensions news
Related News : LV= |
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