Admin fee removed from Lincoln i2Live

Previously, the administration fee was £100 a year but the cost has been shelved for those taking out a new Lincoln i2Live policy and will apply at the next yearly review for existing customers. The change is a result of IFA feedback and a review of expenses, says the firm. It halved the admin fee for the product last year. Lincoln i2Live offers customers a range of flexible options to take them through each stage of retirement planning. It includes a personal pension plan, an income drawdown and an investment-linked flexible annuity. The product allows clients to accumulate a retirem...