Annuities: Time for change

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Helen Morrissey talks to Alan Higham founder of Retirement Angels and chairman of Annuity Direct about the current state of the annuity market and why things will have to change.

Are you seeing the importance of providing some kind of retirement income service growing among employers? Large employers have been providing some kind of annuity broking service to employees for some time. However, when we look at the key issues facing employers right now they are more likely to be spending time on auto-enrolment rather than putting these services in place. At-retirement is definitely an important issue for employers but right now there are only relatively few people retiring from DC schemes so it isn’t a top priority especially when employers are dealing with the l...

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