By Amy Austin Legal & General’s retirement division has agreed a deal with Prudential to provide annuities to its customers with guaranteed rates.
As part of the arrangement, from November 1, 2019, Prudential customers with guaranteed annuity rates will be introduced to L&G.
The deal means that all guaranteed annuities will be underwritten by Prudential but will be distributed by L&G.When fulfilling these annuities, L&G will also compare the whole market to see if the rate can be improved and will help Prudential customers obtain a better rate if one is available.The is the fourth introducer agreement in the annuities market […]
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