With a huge variety of investment products on offer some intermediaries are tempted to outsource the choosing of an annuity for a client in order to sign up to the number one product provider at any given time
Picking the correct annuity for a client is becoming ever more complicated and ever more important to get right. There is a constantly broadening range of products available on the market and as the lifespans of those in retirement increase, they are having to live longer with the consequences of annuity purchase, for good or for ill. In such an environment a number of intermediary firms have sprung up specialising in annuity purchase and suggesting that unless advisers have a high level of knowledge of the market they should outsource the decision. Beyond the standard products...
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