Standard Life is expanding its range of retirement products, with a new guaranteed fixed-term income option.
This new product will be available to anyone aged 55 to 85, and offers the option of fixing income for any period from three to 25 years. The minimum purchase price, for what is effectively a short-term annuity, is £10,000.
The product will be available on the open market through advised and non-advised routes, including industry quote comparison portals and specialist annuity brokers.Standard Life says this new product will offer certainty around income to those either approaching or in retirement, but offers more flexibility than […]
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