AXA launches a new retirement finance solution

A new range of investment products has been launched by AXA, aiming to cater for an increasing demand in the UK for "third way" retirement solutions.

AXA's Life Europe Secure Advantage product range is made up of the Protected Capital option and the Lifetime Income package.

The Protected Capital scheme guarantees a minimum capital amount equal to the sum of the initial investment after ten years, as long as there are no transfers out during the period.

Alternatively, the second product provides the individual with a guaranteed income for life, with the amount paid out dictated by the customer's age when income begins.