L&G extends annuity partnerships with Aegon and Prudential

Extended guaranteed income referral deals for five-year terms

Jenna Brown
clock • 1 min read

Legal & General (L&G) has extended its annuity partnerships with Aegon and Prudential for five more years through to 2028.

The retail retirement arm of the provider said the tie-up means Aegon and Prudential customers who are interested in taking out an annuity are introduced to L&G. It then outlines their options and provides more information and/or a quotation for an annuity contract. The popularity of annuities has increased in recent months as rates have improved significantly. L&G said it also offers referred clients access to quotes from the whole of market through its comparison service, Annuity Ready. It added that the renewal of these latest introducer agreements followed similar tie-ups with ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Income

Retirees flock to annuities as sales rise almost 40% year-on-year

Retirees flock to annuities as sales rise almost 40% year-on-year

Annuity sales up 38.7% to 80,061 in 2023/24

Jenna Brown
clock 26 September 2024 • 2 min read
Annuity comparison demand among advisers continues to rise

Annuity comparison demand among advisers continues to rise

Popularity of annuities returned as rates increased

Jenna Brown
clock 24 September 2024 • 2 min read
Advisers back annuities as sales continue to rise in H1

Advisers back annuities as sales continue to rise in H1

Annuity sales reach £3.6bn in H1 2024, ABI figures show

Jasmine Urquhart
clock 21 August 2024 • 2 min read