The rise of annuity broking

Alarm bells about ‘rock bottom' annuity rates are being sounded at present as retirees are encouraged to delay making a decision on retirement income for as long as possible. But one area of the market is increasingly being used by pension managers - annuity broking. For people who have saved through a personal pension, off their own bat, actively taking advice and exploring the option of delaying an annuity purchase until rates improve would be the obvious route to take. But many of the baby boomer generation felt the secure bosom of an occupational pension for their whole saving ...