MetLife is to become the main distributor of Living Time’s fixed annuity products from February 2011, as part of its expansion strategy.
The announcement follows MetLife’s US parent company’s acquisition of Alico, the provider of Living Time plans. Living Time will continue to operate as an independent company.
MetLife has also announced the introduction of a Maximum Investment Plan and a Protected Growth Bond, which will launch early in 2011.
Dominic Grinstead, managing director at MetLife Europe said: “Living Time has been pivotal in bringing innovation to the UK retirement income market. With the relaxation of the age 75 rule and continuing low interest rates consumers will be looking for more options. We see both Unit Linked Guarantees and Fixed Term Annuities as being key product innovations for advisers to offer their clients.”
Latest News
-
DWP to remove overseas investment amber flag as part of pension transfer changes
-
HMRC launches consultation on GMP conversion tax changes
-
Insurer competition driving ‘unprecedented’ buy-in pricing
-
DB funding surplus rises by £5.3bn in May
-
Majority of young adults back early state pension access proposal
-
Hampshire Pension Fund consults on investment strategy and ESG priorities
CDC in the UK pensions market
Pensions Age editor, Laura Blows, talks to Sophie Dapin, Director, Institutional Solutions EMEA at BlackRock, and host of BlackRock’s Rewiring Retirement podcast, about the growing interest in collective DC in the UK pensions market
Podcast: From pension pot to flexible income for life
Podcast: Who matters most in pensions?
In the latest Pensions Age podcast, Francesca Fabrizi speaks to Capita Pension Solutions global practice leader & chief revenue officer, Stuart Heatley, about who matters most in pensions and how to best meet their needs
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories