Advisers left in the lurch by The Hartford's departure from the UK market should carry out a full review of their options for the £50m-£100m of clients' money slated to be placed with the US giant, urges Living Time.
The annuities firm says it is concerned advisers will simply sell their client a standard lifetime annuity, rather than go through the long process of researching the marketplace again. Its comments follow The Hartford's announcement last month it will stop accepting new business in the UK to focus on its US operation. The core of The Hartford's UK range had been third-way type products which sit between annuities and drawdown. Dave Harris, managing director of sales and marketing at Living Time, says he wants to ensure advisers continue to consider all the options available to their re...
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