Is non-advised annuity advice more expensive for consumers than full financial advice after RDR? Fiona Murphy looks at the issues
The Retail Distribution Review (RDR) has created an interesting anomaly when it comes to annuity advice. In some cases, according to IFAs, consumers are being charged more on execution-only services, than they would be if they purchased an annuity through a financial adviser. Non-advised annuity models are nothing new. However, a few new entrants have surfaced over recent months. An annuity comparison service will be launched on the Tesco Compare site subject to regulatory approval. Added to that, new comparison site Payingtoomuch.com launched its whole-of –market annuity service in A...
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