AXA to Trial Enhanced Annuity with Hargreaves Lansdown

Stephen Harris

7 December 2007

AXA Wealth Management is to trial its Enhanced Annuity proposition with Bristol-based private client broker Hargreaves Lansdown. The Enhanced Annuity aims to provide a higher income payment than a standard annuity in some cases because the health of the individual is taken into account, as well as age and gender. Those with a risk of lower life expectancy can gain a higher annual income from their pension fund as a result. David Wade, AXA's enhanced annuity product manager, said: "By running with this pilot we are keen to test our capability and the appetite in the enhanced annuity market. We are delighted that Hargreaves Lansdown is taking part in the pilot. The firm's knowledge and understanding of client needs when it comes to retirement solutions will be key to ensuring the proposition we go to market with is entirely accessible and relevant for the end consumer."