Products Archive
Managed Open Annuity
London & Colonial's Managed Open Annuity was a "lite" version of the original Open Annuity which was a pioneering and innovative new product offering unrivalled levels of flexibility, and previously unheard of within the pensions industry prior to its launch in 2001. The Open Annuity offered flexibility that had never been seen before, it allowed clients to have control and choice over their annuity investments and the ability to vary the amount of income payable.
It was superseded by the New Open Annuity following the changes in pension legislation.