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Moneyfacts awards Flexible Income Annuity the First Five Star award
We are delighted to announce that the recently launched, innovative Flexible Income Annuity has been given a prestigious award. Moneyfacts, the UK’s leading independent financial information provider has awarded the first and ONLY Five Star award so far for a retirement income product.
The full five stars were awarded on the basis of the product’s
- Simplicity
- Low charges
- Investment choice
- Income flexibility
- Commended for its mass market appeal
EU Gender Ruling
On 1 March 2011, the industry received a ruling from the European Court of Justice stating that gender pricing for annuities constitutes discrimination and can no longer be used. The rule of unisex premiums and benefits will apply with effect from 21 December 2012.
We are currently awaiting full details of the ruling to ascertain the wider issues before making any changes to our annuity pricing. We will continue to use our current pricing rationale as part of our pricing policy as we formulate plans to move to the new rules.
Press Release
Press Release
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