Annuity Clearing House to 'revolutionise' application process

The Annuity Clearing House (ACH), a venture by Rockingham Retirement in conjunction with Prudential, Legal & General and MGM, will use technology to significantly speed up the quote an application process for retirement income. Rockingham Retirement believes the service will 'revolutionise' the way annuities are sold in the UK, allowing consumers to get a better deal while paying higher commissions to their advisers. An IFA using the ACH can enter their client's details online or over the phone, ACH will search the market for the best deal, and then product a single electronic applicati...