Lincoln reduces admin fee for Lincoln i2live by half

Lincoln Financial Group has announced it is reducing the administration fee on its flexible retirement product, Lincoln i2Live, by half. This improvement has been made following a review of expenses allowing Lincoln to pass the benefit onto new and existing customers.

Lincoln launched the Lincoln i2Live proposition last year offering customers a unique range of flexible options to take them through each stage of retirement planning. Lincoln i2Live offers three products under one umbrella, including a personal pension plan, an income drawdown and an investment-linked flexible annuity. It allows clients to accumulate a retirement income pot with a range of flexible options on taking an income in retirement.

Simon O'Connor, Head of Product Development and Marketing at Lincoln, said, "We are constantly looking for ways to further develop the already innovative Lincoln i2Live proposition to ensure we are presenting our clients with an attractive flexible retirement solution. We are pleased to be able to offer our customers improvements to the admin fees and believe this change presents advisers with a further incentive for their clients who are suitable for the Lincoln i2Live product range."