Third way products were dealt something of a blow when the government refused to amend the tax rules around GAD limits. Helen Morrissey looks at what effect this decision has had on the market and what providers and advisers need to do to move the situation forward
Third way products have been viewed with interest by the pensions industry and advisers since they first appeared in the UK just over a year ago. Many cite these products' ability to provide a guaranteed income for life alongside the chance to gain from market performance as an ideal way for many people to take their retirement income. However, these products have not been without criticism. Advisers have labelled these products as complex and expensive - major barriers to the future growth of these products in the UK. One of the issues causing complication was the use of Government Actua...
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