Corporate Adviser
  • Content Hubs
  • Magazine
  • Alerts
  • Events
  • Video
    • Master Trust Conference 2024 videos
  • Research & Guides
  • About
  • Contact
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG
No Result
View All Result
Corporate Adviser
No Result
View All Result

Capita Hartshead link-up with Partnership boosts enhanced annuity offering

by James Turley
May 28, 2010
Share on FacebookShare on TwitterShare on LinkedInShare on Pinterest

CAPITA Hartshead Actuarial and Consultancy Services is linking up with Partnership, the impaired life provider, to help individuals with low-value DC pension accounts access a wider range of annuities.

The arrangement is designed to allow people with very limited pension savings to benefit from the enhanced annuity rates available to ’impaired’ lives. As well as offering more choice, Partnership’s simplified enhanced annuity proposition claims to deliver a quick, low cost service and a far less intrusive information gathering process when compared to most impaired life annuities.

Trustees using Capita Hartshead’s annuity service will be able to choose between the current fully underwritten service and Partnership’s simplified approach which will provide quotes on standard rates as well as an impaired life basis.

Jacqueline Conroy, head of annuities and risk broking at Capita Hartshead Actuarial and Consultancy Services says: “Poor take-up of enhanced rates, particularly for those with low fund values, is something which needs attention from the industry and Partnership and Capita Hartshead are working together to address this head-on. Currently there is only one provider prepared to quote on funds of less than £5,000 and this is on standard rates. By offering Partnership’s ’simplified enhanced annuity solution’ we can give all our members the opportunity to access impaired life annuities.”

Andrew Megson, MD Retirement at Partnership, says: “Increasing numbers of people are retiring with DC benefits. Research has shown that people with small funds do not get the best deals and there is a general lack of awareness of the increased rates available for those with health problems. Capita Hartshead is a significant player in the annuities market and by linking up with them we can continue to spread the word about the types of annuity available and help people get the most from their pension savings.”

Corporate Adviser Special Report

REQUEST YOUR COPY

Most Popular

  • Death-in-service benefits excluded from IHT grab

  • Aviva launches ‘flex first, fix later’ retirement option for master trust savers

  • Laura Mason: This is the moment for targeted pension support

  • GAD to assess state pension age in third review

  • Stancombe to lead retirement platform business

  • Forget the dream holiday: Mercer reveals 50pc of over-55s experience ‘FORO’

Corporate Adviser

© 2017-2024 Definite Article Media Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Privacy policy
  • T&Cs
  • Contact

Follow Us

X
No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.