CGU with-profits launch

CGU has launched its with-profits annuity available for investments of £15,000 and above. It is the ...

CGU has launched its with-profits annuity available for investments of £15,000 and above. It is the group's alternative to conventional annuities and features a guarantee that pension income will not fall below a pre-defined amount. At the outset of the annuity the customer can select how much pension income is required by selecting an anticipated growth rate between 0% and 5% in increments of 0.5%. Once selected this can not be changed. The higher the anticipated growth rate selected the higher the income will be at the start. However, there is a greater risk that the income may not incr...