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Standard Life to Suspend GLWB Sales
Posted in GMWB, Standard Life · · (permalink)
Standard Life anncounced that is is tempratily suspending new sales of its Guaranteed Lifetime Withdrawal Benefit Product (GLWB), the Ideal Income Series. The suspension of sales takes effect April 16th, 2012.
Standard Life’s suspension of GLWB sales will “remain in effect untill the economic and regulatory environments improve”.