Mark Fawcett, chief investment officer at the National Employment Savings Trusts (NEST), explains how the vehicle's board set up its recommended annuity provider panel.
Choosing a retirement income is one of the biggest decisions many individuals will make throughout their savings careers and currently evidence suggests that 40% of consumers are eligible for enhanced products because of health or lifestyle reasons. At NEST, we want to make it easy for our members to get straightforward information about their choices when they come to take their money out of the scheme, and support them in buying an annuity if this is appropriate for them. Employers and advisers too are likely to want to know that scheme members will get help when they come to make a...
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