Are annuity clients being treated fairly?

Several advisers have recently reported activity from other advisory firms who encourage clients to exaggerate their health conditions in a bid to get a higher annuity rate. If true, such practices could have a far-reaching impact not just on those clients but on the industry as a whole. Key Retirement Solutions is one advisory firm that has seen such activity. "We have had clients coming to us because they are uncomfortable with what their adviser is asking them to do," said group director Dean Mirfin. "However, despite some clients being unwilling to go down this route, there ...