UK distributor Nvesta is structuring a capital-secured product for UK pensioners. The product is designed to hedge against a fall in annuity rates while providing a minimum return of capital.
The product is aimed at investors who are about to enter retirement, and its overall return can provide a lump sum for those who wish to buy an annuity. However, according to Nvesta's business development director Anthony Green, it has proved difficult to find a suitable proxy for annuity rates.
"We are l
The week on Risk.net, July 7-13, 2018Receive this by email