Innovation in annuities

Without doubt, recent improvements in technology and the introduction of online quotations have dramatically improved the efficiency of advising on annuities. Nonetheless, the impact of portals and XML technology has been markedly less significant on quotations for enhanced and impaired annuities. The challenges raised for advisers and providers, as well as the expectation of even greater complexity in the future, pose important questions around how 'at retirement' advice and products might best be delivered going forward. While most providers accept medical evidence via one of the common...