Metlife has launched a new drawdown proposition following the introduction of the pension freedoms.
The company’s new retirement portfolio will provide daily lock-ins and a guaranteed income deferral rate of 5% for savers who can invest in Metlife’s secure income option from age 50.
The secure income option can start, stop and restart income to suit clients’ personal needs and if income is stopped, the income deferral increases restart.
Savers can also access their investment or transfer out to other pension plans or retirement income solutions without incurring charges. Read more at New Model Advisor