Leading pension figures Peter Quinton and Kim Lerche-Thompson have founded Living Time and launched ...
Leading pension figures Peter Quinton and Kim Lerche-Thompson have founded Living Time and launched two retirement income plans as annuity alternatives. Both a form of unsecured pension, the products are underwritten by AIG Life and aimed at those reaching retirement with minimum savings of £75,000. Living Time 75 Plan pays a regular income, optional guaranteed death benefits and returns a predetermined sum the day before the planholder's 75th birthday. Under post-A-Day pension rules, this can be used to buy a lifetime annuity or an alternatively secured pension (ASP). Meanwhile, the L...
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