Purchased Life Annuity

KellySelby

Morning,

I've had a client ask about Purchased Life Annuities and I'm struggling to find providers. So far I've only seen that Canada Life and Aviva definitely seem to offer them. Does anyone know of any tools or a place I could get a list of providers?

Thanks

benjaminfabi

Hi Kelly,

That is the whole market! It's not very competitive.

KellySelby

I feel reassured in my research ability. Less reassured in the industry in this area.

Thanks!

BeckyJ

FYI Word of warning - Canada Life currently taking 35 working days to turn around enhanced Lifetime Annuity quotes! Not sure about PLA

KellySelby

Thanks for the warning - that's crazy!

Sean_Fernyhough

Is it still the case that the only provider is Canada Life?

PeterM

@Sean_Fernyhough said:
Is it still the case that the only provider is Canada Life?

Aviva do one as well

https://www.aviva.co.uk/retirement/purchase-life-annuity/