Annuity providers lengthen cooling-off periods in response to budget

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Partnership and LV= have responded to the shock changes to the annuity market announced in the Budget by increasing the cooling-off period on their products.

LV= has extended the period in which retirees who are currently annuitizing can cancel their contract from 30 to 60 days. Partnership said anyone annuitizing from 3 March would have until 11 Apr...

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