Fixed Term Annuities
What is the difference between a lifetime annuity and a fixed term annuity?
A lifetime annuity is the traditional type of annuity where you use your pension fund to purchase a guaranteed annuity for the rest of your life. There are various options that you can have but essentially once you've bought it - you're in for life! See Annuities
A Fixed Term Annuity is just that - it gives you an income for pre-determined lengths of time up until the age of 75 when you will have to purchase a lifetime annuity in line with the current pension legislation.
This page is still under construction so if you're interested in this new product:-
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