TITLE

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

AUTHOR(S)
Pow, Helen
PUB. DATE
May 2009
SOURCE
Money Marketing;5/21/2009, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
41687441

 

Related Articles

  • The Exchange moves to instant annuity quotes. Shaw, Sam // Money Marketing;11/30/2006, p24 

    The article reports on the provision of instant quotations which is part of annuity comparison services offered by Exchange in Great Britain. The said quotation services will provide standard, smoker and enhanced annuities which deliver specific illustrations for clients, as well as it permits...

  • Just Retirement in enhanced deals for 'disenfranchised'. Pow, Helen // Money Marketing;12/17/2009, p32 

    The article reports on the possible deal agreement of Just Retirement Holdings PLC which will provide enhanced annuities to clients of up to nine firms and to disenfranchised customers in Great Britain.

  • Billy Burrows: People don't take annuities seriously. Burrows, Billy // Money Marketing (Online Edition);9/12/2013, p8 

    In this article the author focuses on the annuity market of Great Britain. He states that one of the problems is that people don't know whom to trust for their retirement annuity purchase decision. He mentions that some companies are not treating consumers well but firms which are good buy...

  • L&G responds to John Taylor's stinging industry OMO attack. Gosden, Tim // Money Marketing (Online Edition);3/6/2013, p3 

    The author discusses the maturing pensions customers in the annuity market in Great Britain. He contends that assuming pensions providers exploit their customers is wrong. He points out that the customers of pension provider Legal & General Group PLC (L&G) opt to purchase annuity with the...

  • L&G says WP can help to meet longevity risk. Blackmore, Nicole // Money Marketing;8/28/2008, p16 

    The article reports on the advantages of with-profits annuities as an alternative to conventional annuities in Great Britain. Legal & General claims that the investment potential offered by a with-profits annuity could help counter the impact of inflation on pension income, over longer periods...

  • Revealed: Savers face two week wait to access pension freedoms. Dale, Samuel // Money Marketing (Online Edition);11/12/2014, p1 

    The article reports that as providers reveal their expected processing times, savers are facing a two week wait to access pension freedoms next April 2015 in Great Britain. It is noted that waiting times of at least two weeks is faced by Legal & General Group PLC and Aviva customers looking to...

  • L&G doubles workplace pension sales to £202m. Macdonald, Sam // Money Marketing (Online Edition);5/2/2013, p19 

    The article reports that Great Britain-based Legal & General Group PLC has recorded an increase in its workplace pensions sales in the first quarter of 2013. L&G's Q1 results depict that the insurer processed over 120,000 auto enrolments during the period. Information on the company's total...

  • NEST: Nest names the five annuity providers on its retirement panel.  // Corporate Adviser (Online Edition);7/8/2011, p10 

    The article informs that a retirement panel of five providers has been introduced by the National Employment Savings Trust (NEST) Corp. to offer conventional and enhanced annuities to members. It mentions that Canada Life Assurance Co. and Legal and General Group PLC will be offering both...

  • Providers attack non-advised brokers ahead of FCA annuity review. Selby, Tom // Money Marketing (Online Edition);2/5/2014, p6 

    The article reports that British insurers Aviva PLC and Legal & General Group PLC have urged the Financial Conduct Authority (FCA) to address concerns about the distribution of annuities, rather than the product itself. The FCA is expected to publish the findings of its 12 month thematic review...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics