Royal London to offer customers 'actuarially fair' GAR swap

James Phillips
clock • 2 min read

Royal London has announced plans to allow customers with guaranteed annuity rates (GARs) to convert their guarantees into a top-up for their pension pot, subject to High Court approval.

The provider said it wants to offer an "actuarially fair exchange" for GARs in a bid to stop policyholders from "throwing away" the value of these guarantees. Around three in five GAR policyhold...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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