Clerical Medical opens up annuity to broader market

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Clerical Medical is opening its invested annuity product to transfers from other providers. Prev...

Clerical Medical is opening its invested annuity product to transfers from other providers. Previously, clients could only access the contract via Clerical Medical pensions or, if they had their pension fund with another provider, by exercising their rights under the open market option. The group is now able to take transfers from other providers' annuities into its FutureProof Secure Annuity, which launched last November. Billy Burrows, annuities director of William Burrows Annuities, said the move is a welcome development. 'Clerical Medical has now caught up with the other life ...

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