Heath Lambert restricts sub-£50k annuity choice to two companies

Pow, Helen
May 2009
Money Marketing;5/21/2009, p3
The article reports on the refusal of employee benefits firm Health Lambert Group Ltd. to provide annuities for fund value £50,000 and below in Great Britain in 2009. The company agreed with annuity providers Legal & General Group PLC for standard term annuities and Just Retirement Holdings PLC for enhanced annuities. The firm has been criticized because of its decision to set a minimum for its funds because it will not offer opportunities for investors the chance to maximize their income.


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