Pensioners interested in purchasing annuities with their savings pots face increasingly limited choice as Retirement Advantage has become the latest provider to announce it is exiting the standalone market.
The company has withdrawn its standalone annuity as a result of its acquisition by Canada Life, which offers a “direct equivalent” product.
A Retirement Advantage spokesperson comments: “We currently offer two guaranteed annuity products, a standalone annuity and an annuity which is sold within our innovative drawdown product, The Retirement Account.“Following the completion of the acquisition of Retirement Advantage by Canada Life, we have reviewed the product set and given Canada Life […]
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