UK - Retirement specialist GE Life is enhancing its product range with the introduction of a new phased drawdown product.
The plan is designed for clients who require income but not one-off cash lump sums, and those looking for flexibility over future income. The plan will also help clients maximise the lump sum available on death and minimise their potential inheritance tax liabilities.
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.