Aegon unveils flexible adviser annuities remuneration

Many people approaching retirement today with pension pots of under £25,000 are finding it difficult to obtain competitive annuity deals, Aegon warns. It says the low levels of remuneration available to advisers for smaller annuities often means that customers are caught in an ‘advice gap’ and can risk ending up with a comparatively poor deal. To help solve this problem, AEGON’s new flexible annuity remuneration option enables the adviser to agree an appropriate charge for advice with the customer and then set the level of commission from the annuity to cover this – up to 3%. Consumer...