Annuity innovation needed to meet market needs

The survey which canvasses opinion of product providers, employee benefit consultants and advisers showed that only 52% of respondents believe the current range of annuities was adequate. This is down from 64% in last year's survey. When asked whether fixed term annuities containing an element of equity exposure would be the next big thing 54.5% of respondents said yes with the remaining 45.5% saying no. While comments received reflected a lot of support for these products there was recognition that they pose a challenge for manufacturers looking to provide attractive products at an ap...