Bob Bullivant, CEO of Annuity Direct, says the large 'Harry Houdini' providers are avoiding the open market option and IFAs are the only people qualified to advise on retirement planning...
As we know, IFAs are moving to professional status, so we may as well start by declaring a conflict of interest – Annuity Direct stands to gain from the actions proposed here. Good. That’s got that out of the way. But the nice thing is that consumers also stand to gain, which is a real example of treating customers fairly. Those who will lose are those with a massive conflict of interest who have no interest in professionalism – the large product providers. Much has been written about the needs of the retired population and the issues which they face as their retirement years le...
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