Conventional annuities poor value - advisers

Prudential’s adviser index research also revealed that over 70% of advisers think that rates for conventional annuities will remain low and many are looking at alternatives for their clients. The research found many financial advisers realise the limitation of conventional annuities, but figures from the ABI show around 90% of the annuity market is placed via the conventional route. Advisers often recommend conventional annuities because they are simple for clients to understand, they are often the most viable option, they have a simple sales process and the cost of advice is relatively...