Just 10% of annuity advisers are qualified

The survey, commissioned by ACH, also reveals a significant minority of advisers are not confident advising on impaired or enhanced annuities. Advisers were asked if they have taken the CII's J05 qualification, which focuses on retirement income options. Just 10.5% say they have already passed the exam, though an encouraging 42% say they are already studying for J05 or have plans to. One in four of those surveyed say they feel ‘very confident' advising on enhanced or impaired annuities, while 12.3% say they are not confident. Steve Hunt, managing director of ACH, says: "The find...