Third Way guide launched for advisers

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Advisers need more information and education to confidently explain and recommend Third Way retirement income plans to clients, according to Rayner Spencer Mills.

As a result, the research provider has produced a free Retirement Income Options Adviser Guide sponsored by five major providers: Aegon Scottish Equitable, Axa, The Hartford, Lincoln Financial Group and Metlife. Geoff Mills, director at Rayner Spencer Mills, says advisers are unsure where Third Way plans fit with the guarantee of an annuity and the flexibility of a drawdown and are concerned about the structure and charges. “We wanted to come up with a practical guide for advisers, looking not just at the plans, but at the background to the market and how to evaluate which, if any, may b...

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