Financial advisers are underestimating the number of clients that qualify for enhanced annuities, according to retirement specialist, Tomorrow.
Research commissioned by Tomorrow, claims that 66% of adviser believe around 30% of their clients qualify for enhanced annuities but the real figure stands at 40%. Tomorrow is concerned that one in ten IFA clients may not be receiving the best possible income in their retirement. Matt Trott, product and marketing manager for annuities at Tomorrow, says: “Providers must work more closely with advisers and regulators to ensure that customers are aware of all the alternatives at retirement and how they can obtain professional financial advice.” The survey also found despite many advisers no...
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