Annuity supermarket from Forbes

Alexander Forbes has launched an online annuity supermarket to give mass market consumers an open-market option for annuities regardless of fund size or type. According to ABI data for 2005, UK consumers currently miss out on some £44m of income in retirement by not shopping around to find the best annuity option. Although the difference between the best and worst annuity options can differ by as much as 20%, the majority of people fail to look around and just accept the one offered by their own provider. Selecting an annuity on the platform is a two-stage process, the first of which is t...