Enhanced annuity provider Partnership is set to launch a flexible annuity product.
Speaking at the FE Investment Summit this morning, Partnership head of business development Martin Lines said the company had designed a drawdown contract with a guaranteed income built in which will be launched in the next three weeks.
The product will be held within a Sipp wwhich is invested in Vanguard passive funds, with a typical charge of 0.59%.
The Sipp will allow flexible access to clients’ money in line with the pension freedoms, including the option to take lump sums and bequeath money to nominees and successors via the death benefits rules. Read more at City Wire