Legal & General is to use postcodes as an additional risk factor for annuities following a pilot study with independent financial adviser Hargreaves Lansdown.
L&G said customers requesting conventional non-profit annuities might receive a higher rate than its standard rate depending on where they lived. L&G said the move was the next step towards “in...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
