This is a rarity; a new pension annuity provider. Hodge Lifetime launches a guaranteed annuity product. They previously offered only equity release plans.
Their annuity will be available through the specialist online portal Annuity Marketing Services. Applications and quotations for the annuity product will be available online, with quoted rates guaranteed for 14 days. They have a minimum amount of £10,000 rising to a maximum pension pot of £100,000, and up to three funds can be combined for the purchase providing the total meets the overall fund requirements.
The launch of the new guaranteed pension annuity is the first product outside of their equity release offering. They hope to satisfy demanding advisers with clear and open product presentation, competitive annuity rates, efficient application process and fast and secure administration.
Hodge Lifetime’s use of technology takes them to the forefront of efficiency and service and they are clearly committed to developing their offering over time.