Bradbury Hamilton lashes out at annuity providers

The London-based firm of chartered financial planners maintains the drive to encourage the widespread take up of the open market option will remain a "pipedream" if clients continue to incur a loss of income thanks to inexcusably long delays in transferring funds. Sheriar Bradbury, managing director, stressed that the industry needs to act to speed up annuity transfers as currently the incumbent providers are frequently taking anything up to 20 weeks to transfer assets while a typical annuity quote is only held for 10 working days, meaning clients are missing out on the best rates and los...