78% of advisers undeterred by ASP charges

Research by Skandia shows out of more than 600 advisers 78% would be willing to recommend ASP, although the majority of these, 70%, admit they will only recommend the product to a few appropriate clients, while just 8% will advise all their clients to opt for it. Before the PBR the government continued to state ASPs were only designed for use by those people with religious objections to the mortality cross-subsidy element of annuities, such as the Plymouth Christian Brethren. However in a report on the annuities market, published at the same time as the PBR in December, the government a...