GE Life is giving money-back protection for annuitants up to 75 years old.
The life firm said that this would mean that the estate of an annuitant who died before his or her 75th birthday would get a maximum lump sum of the initial purchase price of the annuity, less the aggregate...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.