CGU, Standard Life and Friends Provident all look at the with-profits options By Kira Nickerson UK l...
CGU, Standard Life and Friends Provident all look at the with-profits options By Kira Nickerson UK life companies are launching several alternatives to conventional annuity products to meet the demand for a higher income in retirement. With annuity rates low and expected to remain low for some time, product providers are rushing to the market with with-profits and unit-back annuities. CGU is planning to shortly launch what it believes will be a competitive annuity product, based on its with-profits fund. Sun Life of Canada is focusing on an equity-based annuity despite the greater ris...
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