Press releases
July 2008
Average cost of retirement in the UK is £413,000
Retirement in the UK costs a typical household £413,000 and costs an individual living alone £326,700 according to the 2008 "Cost of Retirement" report issued by Life Trust Insurance plc. The report, written by cebr (centre for business economics and research) for Life Trust, provides an objective and accurate understanding of the amount of money a person would need to fund a retirement in the UK if they were to retire at 65.
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June 2008
HSBC to offer Life Trust's Longevity Income Plan
Life Trust Insurance plc today announces that HSBC Bank is soon to add the Longevity Income Plan (LIP) to its investment panel. Life Trust's LIP, an innovative new product designed to tackle the financial issues arising from increasing longevity, is to be included on HSBC's list of approved products authorised for distribution through its network of wealth managers.
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Brits are worried about financing retirement years in the face of increasing longevity
Over half of Britons (54%) claim they would be worried about their ability to finance their retirement if they were to live 10 years longer than today's average life span of 82 years. Meanwhile, the likelihood that they will live to an advanced age is increasing due to the dramatic rise in longevity, according to research released today by Life Trust Insurance plc.
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Life Trust further bolsters team with double appointment
Life Trust today announced that it has hired John Wardle as a further National Accounts Director and Karen Sullivan as Strategic Accounts Co-ordinator.
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April 2008
People across the UK underestimate how long they will live
People across the UK are massively underestimating how long they will live. As greater longevity is increasingly becoming a fact of life, people are leaving themselves vulnerable to financial hardship at a time when they are most in need, according to research released today by Life Trust Insurance plc.
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Life Trust appoints Andy Cheetham as new Director of Compliance and Risk
Life Trust Insurance plc has hired Andy Cheetham to be the Risk and Compliance Director. Andy has worked for a number of internantional life assurance companies over the last nine years including Norwich Union International and Prudential International where he was Head of Compliance and Risk.
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Life Trust launches luxury golf getaway competition to incentivise IFAs to learn about longevity
Life Trust Insurance plc is offering IFAs the chance to win a luxury four-night break for two to Portgual for advisers who view an educative set of online video guides that address the financial issues associated with increasing longevity.
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March 2008
Life Trust launches cash fund
Life Trust Insurance plc has announced today the introduction of the LT Henderson Liquid Assets Fund for investors in its Longevity Income Plan. The new cash fund comes in response to IFA requests in the face of stock market volatility and offers investors an investment that is protected from the vagaries of the market.
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February 2008
Life Trust signs up 100th distributor for longevity product
Life Trust Insurance plc has announced today that already 100 distributors have signed up to provide its innovative inaugral product, the Longevity Income Plan, just a month after the launch of the company. City-based wealth management specialist Baigrie Davies has become the 100th firm to sign Terms of Business to distribute the product.
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January 2008
Life Trust launches inaugural longevity product
Life Trust Insurance plc has announced today the launch of its first product, the Longevity Income Plan. The Plan is the first product in the market to be designed to deal directly with the financial issues arising from increasing longevity.
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June 2007
Life Trust raises £25 million for longevity products
Life Trust Holdings plc (Life Trust) has announced that it has raised £25 million of capital. Life Trust will be using the financial backing to launch a suite of products which will address the issue of longevity, helping future customers meet the growing financial needs of living longer.
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