Chartwell welcomes ABI 'Statement of Good Practice'

Professional Adviser
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Chartwell Investment Managers is throwing its weight behind the move of the Association of British In...

Chartwell Investment Managers is throwing its weight behind the move of the Association of British Insurers to launch new minimum standards of service in the industry. Chartwell says the 'Statement of Good Practice' should benefit the consumer looking for an annuity, particularly given that once signed for it is almost impossible to change annuity providers without facing prohibitive financial penalties. The development of minimum standards is being supported by the FSA, Chartwell notes, but says it would like to see the scheme upgraded to a compulsory one rather than remaining a v...

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