It seems a few of the fixed term income providers have scored a PR own goal recently. Some insurance companies offering fixed term plans, including Legal and General and LV, issued press releases boasting about their increased sales, resulting in some unforeseen negative reaction.
Firstly, for purists like me, these are not annuities at all but a subset of pension drawdown. But there is no need to get het up about terminology – all we need to know is that a fixed term plan normally pays a guaranteed income for a set period of time, after which a proportion of […]
Full Post at www.moneymarketing.co.uk