Government needs to think outside the annuity box

As we all wait for the Treasury to decide exactly what it plans to do with Asps, and whether we will be allowed to have an alternative to annuities after the age of 75, Aegon Scottish Equitable International has introduced the idea of guaranteed living benefits. Originating in America in the mid-90s, where there is now a strong market, and transferring successfully to Japan, GLBs are a product which is the best of both worlds, you get a guaranteed income for life, but you still get income growth on your fund and if necessary withdraw all your money and buy something else. However as gre...