Pension holders looking to supplement their basic state pension may be interested to hear about the launch of a host of new investments products by a financial services provider.
Available from Fidelity International, the new lifetime funds incorporate a diverse range of investments assets such as shares, savings bonds, commodities and cash.
Moreover, unlike traditional annuity-based pensions schemes, outstanding assets in these retirement funds can be passed on to family members, which may be of interest to customers looking to safeguard the future prospects of their loved ones.
Richard Wastcoat, UK managing director of the investments organisation, explained why the products may appeal to many people with state pensions.
"The needs of people planning for retirement are changing radically," he said.
"Improvements in life expectancy mean that people will need to manage their investments for the long run to draw down their savings at a sensible rate."
At present, the basic state pension age is 65 years old.
However, the pensionable age is expected to increase incrementally over the coming decades to reach 68 by 2046.
New retirement funds advertised to pension holders
Pensions Quote Line
0845 108 0505
New retirement funds advertised to pension holders
Mon, 30 Apr 2007
Recommended links
Your complete guide to pensionsFighting for pension justice
Pension enquiry form
Today's pensions opportunities
Annuities explained
Zurich Financial Services launches new pension funds
Elderly inflation may concern pension holders
Pensions.co.uk is part of a large network of financial sites created to help advise you on life events, such as buying a house, Mortgages.co.uk; insuring your car - CarInsurances.co.uk; your life - LifeInsurance.co.uk; and your home - HomeInsurance.co.uk.
1998 - 2007 UK Pensions - Planning before, at the onset and during retirement.
| pensions news |
|---|
| Women embracing pension accounts - Mon, 12 May 2008 |
| Crisis for pension plans - Fri, 09 May 2008 |
| New accounting rules will impact on pensions, Allianz say - Wed, 07 May 2008 |
| More News |
Pensions Newsletter
Please enter your email below and subscribe to our monthly newsletter
Save on Your Mortgage
Would you like to save money on your mortgage? Fill out our quick mortgage enquiry form.
Protect Your Health
Find Critical illness, Life and Private Medical Insurance PMI policies.